Well if you missed it the oil corporation's handed in their earnings for the second quarter. Guess Katrina didn't really hurt them that bad. Kind of wonder why they needed any government aid though when they have a profit of between 5 to 10 billion dollars. More then ever I'd scream profit windfalls tax!! I think they can survive on half their profits. Cause ya know 2.5 to 5 billion dollars ain't enough to support research or pay their executives. Or maybe feed Africa.
Sorry, just frustrates me a bit. Also makes me wish I was an oil exec or had large shares of their stocks.
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1 comment:
The numbers are indeed staggering, but take into account the percentage of profit--around eight to ten percent--and we see that they're not profiteering.
Which makes it even more frustrating.
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