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US oil company profit higher than the GDP of Canada
On news of the massive profits reported by ExxonMobil today, ABC News crunched the numbers and has found that the combined profits of the top 5 US oil companies was $1.5 trillion last year.The news report points out that this staggering amount of profit, is more that the total GDP of Canada, at $1.43 trillion last year.As many have rightly pointed out that while these profits margins are staggering, they are not out of line relative to other companies, like Microsoft. However, where these profits do become obscene is when you consider how much US oil companies receive in taxpayer subsidies....
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Gassy Jack
"Gassy Jack" by The Evaporators (SOCAN). Video directed by Jason Margolis from the CD/LP &...
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A Piece of Glass
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