Hey, I am all for capitalism, but seriously–what’s up with THAT:
Morning Edition, January 30, 2006 · Exxon Mobil Corp. posts one of the largest quarterly profits in American history: $10.7 billion for the fourth quarter of 2005, up from more than $8.4 billion a year ago. Exxon is the latest oil company to post record profits as oil prices continue to rise.
Oil trader Phil Flynn tells NPR’s Steve Inskeep that the difficulty of bringing oil to market and a dwindling supply will keep oil companies’ profitability very high for years to come.
I wonder if any of the extra $20 a week I was pumping into my gas tank in November and December helped at all…??
Almost a year ago, Slashdot posted the following query about real-life energy conservation. Since, obviously, the oil & gas companies are going to keep raising their rates (they have a right to, afterall… as long as they don’t get too full of themselves and blow-up like Enron), people are going to start shifting their spending just like my parents did in the 70s during the energy crisis:
“…what are people doing practically to reduce their energy consumption? It’s fairly clear that conservation is an overlooked solution to the ‘energy crisis’. Has anyone come up with really nifty ways to cut their energy consumption without sacrificing their technical lifestyle? What methods work best for you? At what point (price of gasoline, electricity, etc) will you start to change your behavior?”
“Take me, for example. I’m looking to cut much of my consumption, including moving closer to work to cut my commute, possibly putting a throttle restrictor plate in my car, buying fluorescent lights, and even trying to build a small wind/solar generator. …[more]”