Chevron's Profits Just Came in - 5 billion

[leftyladyfrommo]

Highest in 127 year history.

And Exxon was yesterday - what 10.5 billion?

So watch - our gas prices will go down for a little while now. They always do after these incredible profits get announced.

Ours dropped back under $2.00 again this morning (in Kansas City)

[Loge23]

1. The hiccup of a glutton

The reported obscene profits of Big Oil and the Insurance thieves are noting more than a burp from a disgusting glutton.
Once the latest gorge is digested, they will be back at the trough ready for another feeding.
To me, the drop in gas prices is as infuriating as the rise since there has been little change in the supply/demand equation. It's all about how much they want and when they want it.

[leftyladyfrommo]

2. They use that market demand thing as an excuse.

Sounds pretty good on TV shows. But that doesn't explain these profits.

Big business in this country is obscene.

[entanglement]

3. Those are QUARTERLY figures, btw

n/t

[leftyladyfrommo]

4. Yea, I thought about that.

I heard one oil company big wig explain that they had to make profits like that so they could be their investors their dividends. Not any different than any big business he said.

Man, they have a hundred and one excuses in their little bag of tricks.