No wonder I feel poor

[wraithfodder]

From today's New York Times....

Exxon-Mobil  reported Friday that it beat its own record for the highest profits ever recorded by any company, with net income rising 3 percent to $40.6 billion, thanks to surging oil prices. The company’s sales, more than $404 billion, exceeded the gross domestic product of 120 countries.

Exxon Mobil earned more than $1,287 of profit for every second of 2007

Brings a whole new meaning to highway robbery, as I'm payinig $3.30 a gallon, and that's the cheap stuff, that I have to pump myself. 

Gnashes teeth.....

Comments

[anjak-j.livejournal.com]

Yeah, just ouch...and it makes me wonder how much profit the British arm of these companies make when our fuel is three times what you pay...

[wraithfodder.livejournal.com]

Yeah, and all the escalated fuel costs are hiked into the prices of all consumables - particularly food and clothing and anything plastic. Fuel prices are obscene, but then so are all the gas-guzzling SUVs, which are unneccessary for 98% of the drivers. Just people driving to an office. Not construction or hauling goods.

[bramble-rose.livejournal.com]

I like the Canadian system where the % breakdown for cost/litre is on the pump. And many people in the US don't realize that our federal and state tax is a fixed amount, so when the price goes up, the only thing going up is profit for oil companies, our 'tax' stays the same.

[wraithfodder.livejournal.com]

Our state tax goes up, the gas goes up. It's a never-ending spiral. Wish I dind't have to drive to work but in the 'burbs, public transportation is pretty much non-existent :(

[suekay-87.livejournal.com]

Where I stay, it's £1.03 a LITRE, so basically $2.10 a litre for gas and even dearer for Diesel

[wraithfodder.livejournal.com]

It's obscene everywhere, but I'm sure the execs at Exxon dont' care... :(

[suekay-87.livejournal.com]

Gas is double the price in the UK as it is in the US, but yeah it's extortionate everywhere