Amid Record Gas Prices, Record Profits for Exxon

If you had any doubt as to whether you are being gouged at the pump this should clear that right up.

Oil companies came under new fire yesterday when it emerged that ExxonMobil’s profits are likely to soar above $10 billion this quarter on the back of the fuel crisis.

That’s $110 million a day, and more net income than any company has ever made in a quarter. It’s also a stunning 69 percent increase over the same period a year ago and a 34 percent jump from the $7.6 billion Exxon made just last quarter.

“Do you realize President Bush has just given a tax break to ExxonMobil?” thundered Rep. Ed Markey (D-Malden). “Of all the companies in the history of the world that needed a tax break, this month, ExxonMobil should be at the bottom of the list.”

So there you go, proof positive that while you and I are having to curb out spending habits in order to adjust to the rocketing price of gas Exxon Mobile is getting tax breaks from the President and making more money than any company in history!

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