Get Your Blog Up

“This administration is populated by people who’ve spent their careers bashing government. They’re not just small-government conservatives—they’re Grover Norquist, strangle-it-in-the-bathtub conservatives. It’s a cognitive disconnect for them to be able to do something well in an arena that they have so derided and reviled all these years.”

Senator Hillary Clinton

Thursday, October 27, 2005

Corporate welfare

More handouts from the Republican Congress needed:
Exxon Mobil Corp., Royal Dutch Shell Plc and Marathon Oil Corp. posted record net income after energy prices surged to unprecedented highs amid disruptions caused by Hurricanes Katrina and Rita.

Third-quarter profit at Exxon Mobil, the world's biggest publicly traded oil producer, jumped 75 percent to an industry record of $9.92 billion, the company said today in a statement. The Hague-based Shell set the previous record about six hours earlier, when it said net income rose 68 percent to $9 billion.

posted by Scott @ 8:34 AM