Bending the Third Rail
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Thursday, July 27, 2006
Ranted Out
I was shocked two quarters ago.I was angry last quarter.
This quarter I'm just hopeless:
NEW YORK (Reuters) - Exxon Mobil Corp. (NYSE:XOM - news), the world's largest public oil company, on Thursday reported quarterly profit surged 35 percent to top $10 billion, driven by yet another quarter of sharply higher oil prices.They're all reporting record profits and increases in capital spending for exploration.
We are so going in the wrong direction, I'm typeless.
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I'm a very lucky person with every allergy known to man but still happy to be enjoying a wonderful life living in the best place in the world!
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That said I do find the conduct and policies of our oil corporation/government to be utterly hopeless.
And blogger has been a colossal pain this morning.
What I am opposed to is private corporations unfairly benefitting and price gouging. It's called "windfall" and it used to be taxed. No longer. So while ordinary Americans get killed with higher prices, the oil companies are incentivized to 1) explore for more oil thus furthering our dependency on petroleum, and 2) limiting supply to keep prices high. Such a deal.
And yes, blogger has been a pain. It's a pain more days than not it seems.
Feh!