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chisue

Why is Exxon Making Huge Profits?

chisue
12 years ago

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?

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