The Washington Post "syndicated" an interesting article by one: Justin Bloom... re-printed in various Sunday newspapers. titled: "Big Oil Is Pulling In Even Bigger Profits". It states that the damage in the Gulf Coast region "accentuated gains the refineries and producers were already enjoying over the past year". It states that "Exxon/Mobil Corp., the Irving Texas behemoth that produces and refines oil, reported in July that its second-quarter profit was up 32 percent, to $7.64 billion. Analysts expect Exxon's profit to soar again this quarter". When gasoline prices recently soared, "it was partly because the nation's refineries were getting an estimated 99 cents on each gallon sold. That was more than three times the ammount they earned a year ago when regular unleaded was selling for $1.87""It also states that "mergers in the refining business have made it easier for the companies to limit supplies of gasoline and extract higher prices".SOUNDS A LOT LIKE THE "ROLLING-BLACKOUTS OF CALIFORNIA"..CONDUCTED BY ENRON!!!This is no more than "corporate-blackmail' by the "special-interests" who control our government!!. Add to this the "NO-BID" contracts awarded to the contractors who HEAVILY contribute and control Washington for the purpose of "re-building" the Gulf Coast.....Hmmm??? So THIS is what happens when we have a Texas "oil-man" in the White House!! Who pays for this crime???? WE DO!!!!
- posted by Dave @ 2:18 PM