Thursday, July 31, 2008

Bush: Orchestrates for Big Oil


President George W. Bush spoke from West Virginia on the subject of energy. He wants to expand domestic oil drilling, imploring Congress to pass legislation before their August break. The President may want to listen to drivers on the ground, as oil generals pocket record amounts of people's income. Consider the news this morning:

ExxonMobile netted a record $11.97 billion before a special charge related to the Exxon Valdez oil spill. Exxon is the most profitable company in the WORLD.

Royal Dutch Shell came up just short, at $11.57 billion, also a record and up 33% from a year ago.

Previously, BP pocketed $9.47 billion, while ConocoPhillips put $5.44 billion in their tank. All are record profits.

Did any enterprising reporter ask the President about these record oil company profits, continuing a three year pattern? Nope, Bush sprinted off the stage. My "sniff" detects something malodorous, likely fomented by Dick Cheney. When George W. falls back on his mantra, 9-11, usually something wicked this way comes.

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