Quote:
Originally posted by DeltAlum
Yesterday, as I was driving to work, unleaded was at about $2.59/gal. When I filled up at lunch time, it was $2.65/gal.
Who knows what it is today.
It just makes me feel all warm and fuzzy when I hear news stories about the oil company record profits in the trillions of collars.
What's wrong with this picture?
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My Exxon stock gained 11 cents today. That's it.
Either through a lack of education, or through a desire for sensationalism, the media, that you love so well, has thrown out profit numbers and hasn't discussed capital expenditures. For Exxon, the company has invested more money than it has earned over the past 15 years. They lifted their capex spending several billion to around 20 billion a year.
-Rudey