Getting as much as they can as long as they can
Categories: The economy
Exxon Mobil breaks record with $14.8 billion profit
Giant's string of blockbuster earnings all but certain to end with latest quarter
By Steve Gelsi, Marketwatch
Exxon Mobil Corp.'s third-quarter net income rose 58% to a new record of nearly $15 billion, the energy giant said Thursday, in a likely swan song for groundbreaking profits tied to this past summer's triple-digit prices for crude oil.
Exxon added that total production fell 8% and warned that its fourth-quarter earning would be cut by about $500 million because of repairs and lower volumes… .
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The party is over, greed hounds.
Barack Obama and a Democratic Congress will slap a windfall profits tax on you in 2009.
D. Grant Haynes
Posted by DGrantHaynes at 11:50 AM | Link | 0 comments
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