Friday, February 1, 2008

There will be...profit

Yesterday it cost me $28 to fill up the tank on my crappy little Hyundai at the Mobil station at the intersection of Meridian and Condor streets. Today I hear that Exxon Mobil announced that its profit for 2007 was just over $40 billion. That is profit, not sales (which were more than $400 billion).

And still, America's oil and energy companies -- including Exxon Mobil -- receive billions of dollars in tax breaks and subsidies from the US government. So they screw us at the pump and then they screw us again via the tax code.

Nice work -- if you have no soul.

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