Record profits for big oil! Exxon’s net income in the quarter rose $11.66 billion, from $10.25 billion. and Chevron’s net income rose to $4.88 billion, from $3.77 billion.
Tell me again why we provide oil companies subsidies, tax breaks, and get zero royalties for drilling in federal waters? Especially, when the economy is faltering, unemployment is rising, healthcare costs are skyrocketing, education standards are stagnating.