Economic crisis, but not for Big Oil


This video from 2008 in the USA is called Headzup: Profiles In Greed- Exxon Mobil.

Millions of poor people throughout the world are suffering terribly from the economic crisis.

However, the same cannot be said about the fat cats of Big Business.

Like the fat cats of Big Oil … of BP … of Shell

From British daily The Guardian today:

ExxonMobil sees 38% profit jump as oil price surges

ExxonMobil‘s oil and gas production earnings boosted by $2.5bn thanks to price rises …

Meanwhile, rival Texas-based oil firm ConocoPhillips enjoyed an even bigger boost from the improving price of crude. Its first-quarter profits more than doubled from $840m to $2.1bn.

USA: Many of the tens of thousands of students who walked out from their high schools on Tuesday to protest draconian cuts to education now face disciplinary action from school authorities: here.

2 thoughts on “Economic crisis, but not for Big Oil

  1. Unemployment climbs past 20%

    Spain: The official unemployment rate has passed 20 per cent for the first time since 1997.

    The National Statistics Institute released a statement on Friday saying that at the end of March there were 4,612,700 people out of work in the country, equating to a jobless rate of 20.05 per cent.

    That is the highest since the last financial quarter of 1997, when it stood at 20.11 per cent.

    http://www.morningstaronline.co.uk/index.php/news/content/view/full/89802

    Like

  2. Pingback: While BP destroys Louisiana, ExxonMobil destroys Nigeria | Dear Kitty. Some blog

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