For Big Oil the disruption of the oil supply due to Hurricane Katrina was better than a license to print money. They jacked up the fuel prices, and they are keeping them up. Exxon Mobil is making $110 million profit a day this quarter.

So President Bush hurries to their rescue and makes sure they get a tax break!!? That means the American taxpayer has the privilege to subsidize the companies that currently engage in massive price-gouging at the gas stations. Regular gas costs over $3 at the pump. At the same time, we’re paying over $200 million a day for the Iraq War, and now more than that for the rebuilding of the Gulf Coast.

And while I’m on this topic: I would love to see a list of the top-ten companies that get no-bid reconstruction contracts in Louisiana and Mississippi.

This entry was posted on Thursday, September 8th, 2005 at 7:21 pm and is filed under Just plain nuts. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.