10.28.2005

Obscene profits

This morning on The Today Show they reported that while many Americans were paying those high prices at the gas pump, the oil companies like Exxon-Mobil were raking in the big bucks. During the 3rd quarter alone they raked in $100 billion dollars while Shell brought in $76.4 billion.

What's the oil execs response to all this money that they're making?

“We are capturing the benefits of high oil and gas prices and refining margins,” said Shell Chief Financial Officer Peter Voser.

Makes you proud to be an American doesn't it?

1 comment:

Jimbob said...

Whenever there is a natural disaster, such as any of the recent hurricanes, government is quick to crack down on anyone engaging in " price gouging ". Why aren't they doing the same in this case ? I don't begrudge any buisness for making a profit but how much is enough ?