Dumbass’

Well so those clowns in Washington think that a mere few hundred bucks 6 months from now is going to fix what ails Americans? What a bunch of maroons. This money will go right where they know it will, in the pockets of big energy. Most every American is now feeling the sting of these ridiculous energy costs and when they get their mere pittance it will go right to paying their bills, not into any other part of the economy.

As just like in the past, energy has been the foreteller of the recession doom. It just amazes me how they can say some of the things they do and then state record profits of nearly 40 Billion (that's right BILLION with a B) and the word profit pretty much means after they paid everything they needed to pay. . .

I'm sure the government is kissing their asses quite nicely as we get it in yours. . . I just wonder if this country will ever get it that's it all about the money and how "they" can extract it from the common "man". As all this stuff goes on around us we seem to think that the next bozo elected as president is going to fix it. Well here's some news, it's not broke to them!

I'm 47 and for the past 25 years that I've been paying attention I've realized that nothing ever gets "fixed", it just gets replaced by something else that's just as bad, but comes in as the cure. It doesn't matter whether you vote for a donkey or elephant; you still pick up the crap.

America, the land of the dumbass!

Exxon Posts Record 4Q, 2007 Profits

HOUSTON (AP) — Exxon Mobil Corp. on Friday posted the largest annual profit by a U.S. company — $40.6 billion — as the world's biggest publicly traded oil company benefited from historic crude prices at year's end.

Exxon also set a U.S. record for the biggest quarterly profit, posting net income of $11.7 billion for the final three months of 2007, beating its own mark of $10.71 billion in the fourth quarter of 2005.

The previous record for annual profit was $39.5 billion, which Exxon Mobil made in 2006.

The eye-popping results weren't a surprise given record prices for a barrel of oil at the end of 2007. For much of the fourth quarter, they hovered around $90 a barrel, more than 50 percent higher than a year ago.

Crude prices reached an all-time trading high of $100.09 on Jan. 3 but have fallen about 10 percent since.

The record profit for the October-December period amounted to $2.13 a share versus $1.76 a share in 2006. Year-ago net income was $10.25 billion.

Also extraordinary was Exxon Mobil's revenue, which rose 30 percent in the fourth quarter to $116.6 billion from $90 billion a year ago.

For the year, sales rose to $404.5 billion — the most ever for the Irving, Texas-based company — from the $377.64 billion it posted in 2006.

In a statement, Exxon Mobil Chairman Rex Tillerson said the company continued to meet the world's energy needs through its "globally diverse resource base."

"Our long-term investment program, in projects often far from major consuming nations, continued to provide resources essential to the increasingly interdependent global energy supply network," Tillerson said.

Exxon Mobil produces about 3 percent of the world's oil.

Its shares fell 37 cents to $86.03 in morning trading after rising as high as $87.86 earlier in the session.

Higher commodity prices in the quarter were clearly evident from earnings at Exxon Mobil's exploration and production arm, known as the upstream. Income rose 32 percent to $8.2 billion from $6.2 billion a year ago

Anyone else feeling the need for a bigger jar of Vasoline?