Amid record gas prices for 2005, oil giant Exxon Mobil posted a record profit of $10.71 billion for the fourth quarter and $36.13 billion for the year — the largest annual reported net income in U.S. history, according to an analysts’ report cited by the Associated Press. Sen. Babara Boxer, a California Democrat who sharply criticized oil executives appearing before Congress in November, struck again on Friday. She called on the Bush Administration and the Federal Trade Commission to “put an end to gouging,” then suggested that FTC stood for “Friend to Chevron.”
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01/30, 5:33 PM
posted by:
Mark Wade
This country could use a lot more Barbara Boxers!
01/31, 1:17 AM
posted by:
Rene Curry
It was our own stupid government that allowed the oil mergers. What were they thinking? Now they are surprised? Throw out all the bums, both parties.
01/31, 3:46 AM
posted by:
Jon
Meanwhile, Exxon is still trying to weasel out of paying damages for the Exxon Valdez spilling 11 million gallons of crude into Alaska’s Prince William Sound. See http://seattletimes.nwsource.com/html/localnews/2002767423_exxon28e.html