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  1. #1
    Proud To Be a Teamster

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    Default Exxon earns nearly $11B in 1Q, best since '08

    Exxon earned nearly $11 billion in the first quarter, a performance likely to land it in the center of the national debate over high gasoline prices.

    The world's largest publicly traded company said Thursday that higher oil prices boosted profits 69 percent from a year ago. The result was Exxon's best since earning a record $14.83 billion in 2008's third quarter.

    President Obama wants to cut into some of those earnings by eliminating $4 billion in taxpayer subsidies for oil companies.
    These oil companies don't need taxpayer money!
    Exxon earns nearly $11B in 1Q, best since '08 - Yahoo! News
    Last edited by ST JAY; 04-28-2011 at 02:33 PM.

  2. #2
    Taking A Stand!!!

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    Default Re: Exxon earns nearly $11B in 1Q, best since '08

    And the republicans are saying if we take away the tax credits, it is likely to cause higher gas prices!! Can they go much higher already???

  3. #3
    I Am Rocking Now

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    Default Re: Exxon earns nearly $11B in 1Q, best since '08

    Exxon claims that they only make seven cents a gallon so their not to blame for their excessive profits..




  4. #4
    I Am Rocking Now

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    Default Re: Exxon earns nearly $11B in 1Q, best since '08

    In a surprising move, Speaker John Boehner said Monday that repealing oil subsidies "is certainly something we ought to be looking at" and that oil companies "ought to be paying their fair share." While his statement was quickly walked back the next day by an aide who said Boehner was simply trying not to "fall into the trap of defending 'Big Oil' companies" it's clear that cracks are beginning to show in the Republicans' brazen defense of senseless oil handouts.
    Tell Congress: End oil subsidies

 

 

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