Newscoma Has Moved
Thursday, July 27, 2006
  Feh, And I Mean Feh I have nothing more to say.
Exxon Mobil Corp. said Thursday it earned $10.36 billion in the April-June period, the second largest quarterly profit ever recorded by a publicly traded U.S. company.

The earnings figure was 36 percent above the profit it reported a year ago. High oil prices and the growing global appetite for fuel helped boost the company's revenue by 12 percent to a level just short of a quarterly record. Its shares briefly rose to a new high.

"We continue to see demand growth year over year," Henry Hubble, Exxon's vice president of investor relations told analysts. "We're selling everything we can make."

Of course, gas is three bucks. It's like movies making a fortune now. When tickets are 10 bucks a pop, of course there is more money to be made.

Feh.

 
Comments:
Naturally this would happen - and they announce these earnings as if it were by complete and utter surprise.
 
Yet, we still buy.

Let me tell you something even MORE shocking. How many kids today do you see driving a nicer car than WE ADULTS drive? How many kids today do you see (and I mean KID kids) with a $200+ cell phone OF THEIR OWN? And an iPod . . . and XBox 360 and PS2 at home . . . with a bunch of games?

Why SHOULDN'T the gas companies raise prices on gasoline. We live in a society who will go to Abercrombie and Fitch to pay hundreds of dollars to buy jeans that look like they've been worn by Chinese slave labor for a few years.

If Americans will shell out hundreds a month for cell phones and multiple DVD's in their cars, feh, why not 3 or 4 bucks a gallon for gas.

I had to wait in line at the pumps yesterday . . . lol.
 
I wouldn't want their karma..
 
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