As John Stewart might say, “Whuuuhhhhhh?”
Exxon Mobil Corp., the world’s largest oil company, said Thursday that higher oil prices drove first-quarter profit up 7 percent from the prior year.
Net income rose to $8.4 billion
Three Months. That’s net: $2.8 Billion a Month, $93 Million a Day, $3 Million an Hour, $64,000 a Minute, $1080 every second for three months. Let me repeat that: $1080 in profit, every second, for three months. Can someone check my math, please, because that’s simply mind-numbing.
Meanwhile . . .
So what’s behind the rise in gas prices? Analysts blame the record cost of crude oil on concerns over Iran’s nuclear ambitions, combined with tight U.S. gasoline supplies. Supply problems in Iraq, Nigeria and the Gulf of Mexico are also pushing oil prices higher.
What does Bush do to help the gas price? A useless suspension of environmental regulations. Well, useless as far as gas prices are concerned. Oil company profits will likely rise, again.
Fortunately . . .
The president has authority to relax rules for only 20 days at a time without additional congressional approval.
But, when has congressional approval ever got in the way of the Bush administration.
Here’s a list of the most fuel efficient vehicles. Get ‘em while they’re hot.