Tuesday, July 29, 2008

Energy Bill Must Pass Before Exxon's Earnings Release!

President Bush joked with his cabinet before tackling serious business. He chided Congress to pass legislation expanding domestic energy exploration, before they adjourn for an August recess. They also need to beat earnings reports from ExxonMobile and Chevron. So run, Mitch McConnell, run!

Dang, he tripped over British Petroleum's second quarter earnings report. It's hard to hurdle a record $9.5 billion, up some $2 billion in just three months time. That followed his past stumble on ConocoPhillips' $5.4 billion bottom line, up 31% from the first quarter. Pick yourself up, Man! President Bush issued an order, pass the bill by Friday or else...

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