High gas prices mean Exxon will make more money than any publicly held company in history this year
Exxon's earnings are expected to go up 50 percent this year, reports the Wall Street Journal. What was Washington's response? The House GOP voted overwhelmingly to protect the billions in taxpayer subsidies oil and gas companies receive.
So let's see … you're paying Exxon at the pump, and you're also paying them on tax day. It's almost as if our entire transportation system renders us indentured servants to the producers of our energy. That's not a joke, just an attempt to describe the corporate neo-feudalism our bought-and-sold political apparatus churns out like so much blood sausage.
Rising Gas Prices Expected To Increase Exxon’s Earnings By More Than 50%, Think Progress.