Exxon/Mobil suffered through a poor 4th quarter but still ended the year with record profits. An industry analyst [ read between the lines, select one – bull shit artist, spin Dr. lying scum of the earth] said that this was a good sign that the economy was strong. The demand for oil was great and people were traveling. [ back and forth to their low paying job or unemployment ] see folks it really had nothing to do with the $4.25 a gallon gas. Trust Exxon they know what’s best. They are not [yet] needing a bail out.
The pump here is a CITGO pump, the company that gives oil to 200,000 poor households in 23 States so that US Citizens don’t freeze. The program administered by Joe Kennedy’s Citizen Energy.
“All of which raises the question: If Chavez [Citgo] can keep donating fuel even as his oil revenues tumble, why can’t any U.S. oil companies step up to do the same?” Tim Padgett. Time.com January 7th