31 July 2008

Exxon Mobil records record profits while we get squeezed at the pump

The Associated Press reports the following:
Exxon Mobil Corp. reported second-quarter earnings of $11.68 billion Thursday, the biggest quarterly profit ever by any U.S. corporation
But that's not good enough. The results "fell short of Wall Street expectations". So the price of their stock fell.

Now wait a minute:

#1: Exxon Mobil rakes in record profits, but it's not good enough for Wall Street.

#2: Exxon Mobil rakes in record profits, so they're rolling in money, but they still have to squeeze $4.00 per gallon out of us. Oh, wait, that's right -- they have to pay their executives some obscene salaries and perks. Never mind.

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