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Speaking of oil prices

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Well-known member
Jul 4, 2005
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The big oil companies are now posting their quarterly profits. To try to get you to not notice how much higher they are than last year, they've stepped up their advertising. It won't work with me, but, sadly, I fear there will be people on this board who will continue to defend them.

Link to the entire article is below; my emphasis:

"Now, even as high gasoline prices continue to anger motorists and aggravate financial problems at General Motors Corp. and Ford Motor Co., the oil companies have begun to report record quarterly profit. Yesterday, British energy giant BP PLC reported $6.5 billion in third-quarter profit, up from $4.9 billion in the same period last year. And tomorrow, analysts expect Exxon Mobil Corp. to show that it earned nearly $9 billion over the past three months -- the largest corporate quarterly profit ever."


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