Tuesday, April 1, 2008

Not Our Fault

Don't blame us, oil industry chiefs told a skeptical Congress.

Top executives of the country's five biggest oil companies said Tuesday they know record fuel prices are hurting people, but they argued it's not their fault and their huge profits are in line with other industries.

Our earnings, although high in absolute terms, need to be viewed in the context of the scale and cyclical, long-term nature of our industry as well as the huge investment requirements," said J.S. Simon, senior vice president of Exxon Mobil Corp., which made a record $40 billion last year.

As I said before, these folks at the big oil companies should be ashamed of themselves. People are truly suffering, unable to afford gas in their cars, oil to heat their homes and the cost of everything else is going up because the truckers are being gouged by the cost of diesel fuel.

It's April Fool on us!

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