NEW YORK – In a summer marked by hurricanes and $3 gasoline, the oil companies struck gold.
Friday, Chevron joined the eye-popping profits parade. The nation’s No. 2 oil company reported earnings of $3.6 billion. The totals only get bigger: Conoco Phillips made $3.8 billion, BP made $6.5 billion, Royal Dutch Shell made $9 billion and Exxon Mobil raked in a whopping $9.9 billion in just three months.
Think, this is an article from Friday’s paper? Look again. Three dollar gas? This is an article from the summer of 2005!
What makes this year different is that the oil companies (and especially Exxon Mobil) have made the most profits ever!!! Meanwhile, McCain proposes tax cuts for the oil companies and, also like bush, offshore drilling.