After much discussion back in August (on this list) over why gas was so expensive......
I think we have the answer now. Exxon Mobil sets profit record - Nation's No. 1 oil company reports larger than expected jump in 4Q income to cap record year http://money.cnn.com/2006/01/30/news/companies/exxon_earns/index.htm "Of course Exxon Mobil isn't the only oil company reporting sharply better results. The 12 U.S. oil companies in the S&P 500 that have reported fourth-quarter results have seen an average of a 48 percent rise in earnings excluding items in the period, according to First Call...." "Strong oil earnings in the third quarter prompted calls in some quarters of Congress for a so-called "windfall profit" tax on oil company earnings, as well as a joint hearing of the Senate Energy and Commerce committees into earnings from big oil..." /* PLUG: http://plug.org, #utah on irc.freenode.net Unsubscribe: http://plug.org/mailman/options/plug Don't fear the penguin. */
