Click above, for articles
in this issue.
by Jim Hightower
Exxon Mobil doesn't want any attention paid to its latest profit report. How big was their profit last year?
Shhhhhh. Let's whisper it together:
one year! Holy Robber Baron! That's an embarrassment of riches –
40 percent leap over the previous year.
No wonder they don't want us rabble to notice – since that $36 billion
was picked right out of our pockets by Exxon's gas pumps.
rip-off is so politically explosive that Exxon Mobil even tried a preemptive PR
campaign before releasing the profit number in hopes of dampening
criticism. It organized slide shows
for journalists and took out full-page ads to proclaim that, golly, its profit
margins are actually lower than those of drug companies and banks. Come on, the drug kings and big bankers
are notorious thieves! Is this
comparison supposed to make us feel better?
bottom line is that Exxon Mobil just hauled off the biggest profit in the
history of corporate America, at a time that prices at their pumps continue to
rise and when working families are already stretched to the breaking
George W's on the job! Lucky for
Exxon Mobil, that is. In his energy
bill, passed last November, he included another $2 billion in tax breaks for oil
giants that are wallowing in windfall profits. He also killed a provision that would've
required a reduction in U.S. oil consumption by a million barrels a day by
2015. And when a senate tax bill
added a one-year tax increase of $5 billion on the largest oil corporations –
Bush rushed to the defense of the Exxon Mobils, promising to veto the bill.
is Jim Hightower saying... Fifteen
of America's largest environmental groups have organized a campaign to reign in
Exxon's excess. To join the effort,
go to ExxposeExxon.com.
(c) 2006, Copyright - Saddleburr Productions, Inc. This
essay is herein reprinted with the author's
Posted February 19, 2006
You are here: HOME page-NEWSLETTER-FEBRUARY 2006-Exxpose Exxon
Previous : President Pinocchio Next : Rocky Flats