Thursday, February 01, 2007
Big honkin' money
Mo' money, mo'money, mo'money ... they are doing that comedy number over at the oil companies these days. Both ExxonMobil and Shell put up big earnings numbers this morning. Exxon set the biggest profit in corporate history. All this even though oil prices are coming down. Ah, if we'd only bought the stock a year ago. Question is, will the gains be extended? In addition to price drops, the regulatory environment is likely to harden with a Democratic congress and Detroit's environmental push seems to be gathering steam. Still, those profits just seem to be rolling in.
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