While Americans paid a record high of over $4 a gallon at the pump, Exxon made $11.68 billion dollars of profit. This a profit of $1,485.55 a second in the quarter. Yet in light of all this, 69% of Americans approve of drilling for off shore oil.
CNN Money.com: Exxon posts record $11.68 billion profit
NEW YORK (CNNMoney.com) — Exxon Mobil once again reported the largest quarterly profit in U.S. history Thursday, posting net income of $11.68 billion on revenue of $138 billion in the second quarter.
That profit works out to $1,485.55 a second.
How about an alternative to oil? Are 69% of Americans really that self centered and selfish? Or are Americans really that stupid? Do they care about the legacy they are leaving their children?
In the meantime while the oil company’s smile all the way to the bank and the GOP (Gas and Oil Party) blocks the passage of an important tax package for renewable energy. Whose interest is the GOP (Gas and Oil Party) protecting? Surely not the American public. Big oil and the GOP (Gas and Oil Party) must be laughing at 69% of the American who believe their bullshit.
AP: GOP blocks action on tax, renewable energy package
The bill would extend some $18 billion worth of renewable energy tax credits, helping out investors in wind and solar power, clean coal, plug-in electric vehicles and a variety of others.
Last month more than 300 high-tech and manufacturing companies warned Congress that failure to act quickly “will bring investment in renewable energy and energy efficiency projects to a standstill.”
Greg Wetstone of the American Wind Energy Association said Tuesday that his industry risks losing $11 billion in investment and 75,000 jobs if the tax credit expires next year.
Americans need to pull their heads out of their asses, start thinking for themselves and quit listening to the bullshit the oil company’s and GOP (Gas and Oil Party) are telling them.
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