CORPORATISM - LOOKING GLASS NEWS | |
Exxon Quarterly Revenue Exceeds Annual GDP of UAE, Kuwait |
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by qrswave The Truth Will Set You Free Entered into the database on Thursday, April 27th, 2006 @ 13:10:46 MST |
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That's right. According to the CIA, Exxon makes more in one quarter
than the nations of the UAE or Kuwait make in the entire year. Exxon's
revenue for the three-month period was still greater than the annual gross
domestic product of some major oil producing nations, including the United
Arab Emirates ($74.67 billion) and Kuwait ($55.31 billion), according to statistics
maintained by the Central Intelligence Agency. But, they have the nerve to blame
OPEC for rising gas prices. [Exxon] the world's largest oil company, reported Thursday the fifth
highest quarterly profit for any public company in history, posting
gains from higher oil prices that were likely to stoke the furor over outsized
oil company earnings. Despite the 7 percent gain in earnings to more than $8 billion in the first
quarter, Exxon Mobil said its earnings came in below its record fourth-quarter
because all three of its business - exploration and production; refining;
chemicals - didn't perform as well. AAAWWWWW! They didn't make as much as they expected to. My heart bleeds for
them - and I mean that quite literally - straight from my wallet. The earnings report comes amid consumer outcry in the U.S. about soaring
gasoline prices. The average retail price of gasoline in the U.S. is now $2.91
a gallon, or 68 cents higher than a year ago.
Now, you know what they do with all their profits. America, the bastion of freedom has turned into a cesspool of corruption where lawmakers don't look for REAL solutions - they 'look to appease consumers.' Throw them a bone and rub their bellies, they'll feel better after a coke and smile!
So, EXXON is number 1 and number 5! Maybe they're also numbers 2, 3, and 4! Earth to America! This is a wakeup call. Big Oil has been robbing us blind for over a century. It's time to put a stop to this travesty. The paltry measures they're proposing are not enough. We need meaningful energy reform in this country or these bastards are going to continue bleeding us dry at the pumps and in our homes. |