Thursday, July 28, 2005

Cash Problem for Big Oil

Profits are up, couldn't you tell?

Exxon up 44% for the first quarter over last year.

Shell profits up 40% over last year.

Congress appears ready to pass another 8.5 billion dollar giveaway to the oil companies in the so-called Energy Bill.

Tom Delay has slipped in another 1.5 billion dollar benefit for Texas oil companies that our legislators weren't even allowed to see before a vote was to be taken.

Exxon executives are concerned that they could have too much cash on hand, perhaps 40 billion dollars by the end of the year.

Calculate your salary going up by 40%plus in one year; maybe then you could afford to buy gas.

More from Think Progress...


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