questioning on Capitol Hill, as they defend company profits.
Exxon Mobil executive vice president Stephen Simon says his
company and the nation's four other top oil companies have had huge
profits "in absolute terms." But he tells a Senate committee that
what he calls "current up cycle" profits are needed to cover
investments when profits are down.
Senate Judiciary Committee chairman Patrick Leahy called that
"a nice term" when close to four-dollar-a-gallon gasoline means
"people can't afford to go to work."
When Leahy asked how much he is paid a year, Simon replied that
he makes 12.5 million dollars.
Pennsylvania Republican Arlen Specter says he can see no
explanation for why Exxon Mobil's annual profits have increased
from 11.5 billion dollars to more than 40 billion in the past five
years.
Exxon and the four other oil companies earned 36 billion dollars
in the first three months of this year.
Morning Commute Nightmare!










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I tried biodiesel from a shell station and got poor mpg. I think it was also a bad mix or not realy biodiesel. I also have looked into making my own the problem is restaurants won’t let you have the old oil or there some people putting water and other objects in it. As you said the mess can cause the epa to step in depends on if you are in city limits. I am a CDL holder and have drove over the road for 5 years and can tell you the truckers are hurting. A truck holds aprox 200 gallons of feul when I drove I stoped for feul atleast every 2to3 days or when the tanks got to 1/4 full. That is 150 gallons at $4.50a gallon = $675.00 to fill up so do you want to eat wear clothes or have tv computers or anything else? So lets think about them the next time you see a trucker they are there for you. If they go on strike the food chain will stop!