The only word is WTF
Exxon-Mobil earned almost TWELVE BILLION DOLLARS in THREE FARKING MONTHS???? And its stock goes DOWN???? Because expected profits were HIGHER?!?!?!? Can you hear my voice rising as I say this??
No single major oil producer profited less than $4 billion in the last quarter. Exxon now holds all top ten places for biggest corporate quarterly profits in HISTORY.
Okay, so, there's a disconnect here. If the big companies are low on supply, and "passing on the cost to consumers," then where the hell is all this profit coming from? Profit by definition means income that wasn't used in the process of doing business. Extra left over after breaking even. That means that gas companies are, plain and simple, overcharging. Who the hell could even SPEND fifteen hundred dollars every second? Something's rotten in the state of Texas. Either use that cash to improve energy efficiency and increase production or don't charge so farking much!
No single major oil producer profited less than $4 billion in the last quarter. Exxon now holds all top ten places for biggest corporate quarterly profits in HISTORY.
Okay, so, there's a disconnect here. If the big companies are low on supply, and "passing on the cost to consumers," then where the hell is all this profit coming from? Profit by definition means income that wasn't used in the process of doing business. Extra left over after breaking even. That means that gas companies are, plain and simple, overcharging. Who the hell could even SPEND fifteen hundred dollars every second? Something's rotten in the state of Texas. Either use that cash to improve energy efficiency and increase production or don't charge so farking much!
posted by Mint Sharpie at 5:38 PM
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