Monday, January 30, 2006

"Exxon Mobil Corp. , the world's largest publicly traded oil company, on Monday reported a quarterly profit of $10.7 billion, capping a year of record earnings dominated by surging oil and gas prices. The results pushed up Exxon's profit for the year to a staggering $36.13 billion -- bigger than the economies of 125 of the 184 countries ranked by the World Bank. Profit rose 42 percent from 2004."---From Ruters.com


Wow, the same company that charges almost every other gas station more money per gallon. They must really be hurting by the whole Katrina deal. You know its amazing how the minute the hurricane hit the prices sky rocketed. Yet, the even when all the transportation issues were fixed it took months to go back down.

Also for almost no reason at all prices have spiked again in the past 3 weeks. Its to the point that oil companies barely come up with a reason why they are up. I hear because of the winter oil prices were up. Its the warmest winter that I can remember in the entire north east. It barely gets cold at all except for at night. Besides, shouldnt they catch on by now that people run the heat in the winter and try to catch up with it.

The sad thing is, there is nothing we can do about it at all.