Earlier this morning, according to Reuters, Exxon-Mobile posted the largest quarterly profits in U.S. history ... $9.9 billion.
"Analysts have warned that record profits for Big Oil, at a time when consumers are paying sky-high prices for gasoline, could add to calls for a windfall profits tax or other penalties on oil companies."
To wit: Congressman Dennis Kucinich is calling for a windfall profits tax on Big Oil. Lottsa luck, Dennis!
Thursday, October 27, 2005
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