Why is Exxon Making Huge Profits?
OK, this is only somewhat 'household' related, but maybe someone here can 'splain this to me.
I read that Exxon's profit is running 90% over last year. If the cost of oil is sky high, isn't that a COST for them? If people are curtailing their use of gasoline, doesn't that mean less INCOME? Does Exxon receive subsidies from the federal government?