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Friday, August 01, 2008

Give Exxon a break

The Los Angeles Times editorializes about why Exxon is getting a bad rap for "record profits".

Although crude oil is selling for almost twice as much a barrel as it did a year ago, the company's profit was a mere 14% larger than last year.

Meanwhile Mark Perry has some wisdom (in the form of a chart) on Exxon's record $19 Billion in taxes.


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