Oil Profit $ = Obscene
The Washington Post on February 2nd, 2008 wrote a story that Mobil Exxon, the largest oil company, made over 40 Billion Dollars profit in 2007 and the second largest company, Chevron, made over 5 Billion Dollars in profit for 2007.
Exxon reported that 11.7 Billion of their profit came in the 4th quarter of the year.
While most of Americans try to survive, plus adjust to “pump price shock”, it seems that there is a segment of America where “recession” is not a reality.
As I fight and struggle paying almost $150 dollars at the pump a month I have only one word for the oil companies and their profit, OBSCENE!