I wanted to share this when I first saw it months ago. But of course I put the clipping away and just found it. From the Tampa Bay Times: (The bold highlights are from me).
Exxon Mobil said fourth-quarter profit rose to $9.95 billion, a five-year high, as growing supplies of cheap U.S. oil boosted margins from refining crude into fuels. (Are they saying that the oil they get from our land is cheaper than getting it from foreign areas???)
Profit from processing crude into gasoline,diesel,heating oil,and other fuels quadrupled in the quarter compared with a year earlier. Exxon refineries earned $1.77 billion during the period, compared with $425 million a year earlier.
So there you have it. They're still rolling in the dough. And we just watch gas prices go up and up. So why don't we continue to get more "cheap" oil from our own land? Drill baby drill.
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