NEW YORK (Reuters) - Exxon Mobil Corp., the world's largest publicly traded oil company, on Monday reported a quarterly profit of $10.7 billion, capping a year of record earnings dominated by surging oil and gas prices.
The results pushed up Exxon's profit for the year to a staggering $36.13 billion -- bigger than the economies of 125 of the 184 countries ranked by the World Bank. Profit rose 42 percent from 2004.
So somebody explain to me again why when Hurricane Katrina 'raised the prices of gas' or somebody sneezed at a refinery 'raising the price of gas' these guys can get away with such profiteering?
Oh - that's right - oilman Bush is running things. Or is it Big Dick Cheney?
A free market economy isn't quite free.
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