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Oil Companies Accused of Participating in CapitalismBy Jeremy on January 31, 2006 | 2 Comments
ExxonMobil’s announcement of quarterly earnings totaling $10.7B — and annual earnings of $36.1B — has this week provoked a predictable resurgence of the anti-”Big Oil” rhetoric that last spiked in early November of last year.
On November 10, executives from the major oil companies in the United States were questioned by US senators regarding the nature of their unusually high profits for the third quarter. Discussion hasn’t much dwindled on the topic since then, and I’ve consequently seen, read, and heard a good many people of all walks of life echoing the complaints of Congress that the profits in question are unfair, unpatriotic, and greedy — in short, that the consumer is being gouged by the oil companies.




