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Written by admin on August 20th, 2008

Record Oil Profits and Greed

Today’s news is flooded with headlines of record breaking profit margins for the oil companies.
“Royal Dutch Shell reports record 2Q profit of $11.6 billion.”
“Buoyed by high oil prices, ExxonMobil reports $11.68B profits.”
 
Followed by some unsettling news on Capital Hill:
“The oil and gas industry spent an all-time high to push its agenda last year”
 
Municipalities and state governments [...]

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