Outis

At first, I was like: Dude, gas is not going to get any cheaper. Why do these fishermen expect the Spanish government to do what the French did for their Gallic counterparts and subsidize the cost of petroleum? Why are they blocking ports, harassing truckers, dumping fish and costing vendors, vacationers and others in maritime-related industries millions of euros per day of their strike?

Then, I read this via Laura Rozen’s excellent blog War & Piece:

“Exxon Mobil’s profit surged 75% in the third quarter amid high oil and gas prices. Revenue at the world’s largest publicly traded oil company jumped 32% to $100.72 billion.”

Profits jumped 75% between quarters? So their annual revenue is almost a half a trillion dollars. Which is, about the latest yearly budget of the Pentagon, more or less?

This entry was posted on Thursday, October 27th, 2005 at 5:20 pm and is filed under Politics, Europe. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.