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It's official: 2011 was a record-busting year in the oil industry, with the five largest companies -- BP, ExxonMobil, Chevron, ConocoPhillips, and Royal Dutch Shell -- reporting all-time-high profits of $137 billion. That's a 75 percent jump from the year before, even though the giants produced less oil than in 2010.
It's the multinational way to go in a slumping economy: Get paid more for doing less.
Big Oil making big profits on declining production - Denver News - The Latest Word
Seeded on Wed Feb 8, 2012 7:19 PM EST
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Everyone of them is having their finger in the pie.
Why let a good disaster go to waste?
- 9 votes
#1 - Wed Feb 8, 2012 7:21 PM ESTAnd they spending a lot of money making sure that we do not hold them accountable for environmental or health costs and that we do not pass effective regulations.
- 9 votes
#2 - Wed Feb 8, 2012 7:30 PM ESTYou're in Easy Mode. If you prefer, you can use XHTML Mode instead. |
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