Oil Profits Skyrocket
The public has been struggling with excessive gas prices at the pump, but the whole time the oil companies have been piling up huge profits at the pulbic’s expense. Record profits have been posted by the oil industry, but now ExxonMobil (XOM) has announced a record shattering corporate profit record. According to USA Today (TM) the company has just announced third quarter earnings • Net income up 75% to $9.92 billion. That is the most a U.S. company has earned…
