Politics Blog Forum

Wed. 11/04/09 07:46 PM

Exxon Profits down 68%

http://www.cspnet.com/ME2/Audiences/dirmod.asp?sid=&nm=&type=Publishing&mod=Publications%3A%3AArticle&mid=8F3A7027421841978F18BE895F87F791&tier=4&id=00C5960D2CFD4820B3D7B01C2562C174&AudID=7763DA803CBE410A893CD5C4ED7C9205

"Earnings from U.S. upstream operations were $709 million, $1.2 billion lower than the third quarter of 2008. Non-U.S. upstream earnings, excluding special items, were $3.3 billion, down $4.2 billion from last year."

"Downstream earnings of $325 million were down $2.7 billion from the third quarter of 2008. Lower refining margins drove the decline, reducing earnings $2.6 billion. "

Wasn't it about a year ago that Libby Spencer and her ilk were complaining about the obscene profits from the oil companies?

Now they are having a major reduction in profits. Why haven't the congressional 'dems dragged in Exxon to testify on how they are doing, and what government help they may need?

Where are Ms Spencer blogs telling the plight of the oil companies?

------- Sarcasm mode off-----------

Business ebbs and flows, and the adults understood that businesses have good and bad years.

Too bad the party in power doesn't

---------

A person is born with a liking for profit.

Xun Zi

TDC, Burton, Mi

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