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"Today President Bush told the oil industry they're doing a heck of a job by throwing a few more billion dollars at them," said Kevin S. Curtis, Vice President of the National Environmental Trust. "With oil prices sitting at almost $70 a barrel, that money would be better spent investing in renewable energy and energy efficiency programs to help consumers at the pump."
Originally posted by marg6043
Common DaFunk13, we all know how stuff works
money.howstuffworks.com...
Originally posted by DaFunk13
It was a joke.
Originally posted by Aelita
what about the tax breaks for the oil industry?
I sort of feel the $400M retirement package for the outgoing Exxon CEO comes from our W-2s and 1040s, don't you think?
Originally posted by SkepticOverlord
That whopping $8.4 billion number seems like an impossible number for any corporation to report as profit, much less in one quarter. However, that number represents a rather slim 9.4% profit margin on the quarter's earnings.
Originally posted by Aelita
but don't you think that tax incentives etc was one of the factors that helped him turn profit at Exxon? And he gets the credit?