Tuesday, February 14, 2006

i didn't understand.

First I heared oil companies made record profits. "Exxon Mobil Corp. posts one of the largest quarterly profits in American history: $10.7 billion for the fourth quarter of 2005, up from more than $8.4 billion a year ago. Exxon is the latest oil company to post record profits as oil prices continue to rise. "

And then I read this. "The U.S. government is on the verge of one of the biggest giveaways of oil and gas in American history, an estimated $7 billion over five years. Under projections buried in the Interior Department's budget plan, the government would let companies pump about $65 billion of oil and natural gas from federal territory over the next five years without paying any royalties to the government."

I didn't understand until I remembered- it's Valentine's Day. Happy Valentine's Day big oil from your sweetheart the current administration.

1 comment:

Revolutionary Blogger said...

Thats why I don't shop at Exxon Mobil, and the rest of the extortionist. I rather shop at CITGO...Check out my post on it...http://energycrisisnow.blogspot.com/2006/02/shop-citgo.html