Gouge-A-Rama-Lama
DingDongVille
Everybody loses when oil prices go through the roof - right?
Well, almost everybody.
Take Exxon, for example.
Please.
Why?
Their profits in the last quarter alone were $9.9 billion dollars.
Which just happens to be the most profit by any corporation in 90 days.
Ever.
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To put that in perspective, Exxon makes U.S. $45,000,000 an hour, every hour, on the hour, 24 hours a day, 7 days a week.
Update: Regular reader, and bike rider man of early middle-age steel, DPU is so astute he should start an institute. On the comment thread he points out that my math is off a little (ie. the greedheads are actually only making $4,529,680.37 /hr). However, it turns out that's only the profit. In terms of revenue they are indeed raking in a very good sized Lotto 649 each and every hour on the hour.
.
Brilliant gambit, sir
2 hours ago
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