More record profits:
Profits at oil companies this quarter continued to reflect oil prices that almost doubled in the second quarter from the year earlier.
Exxon Mobil on Thursday reported that second-quarter profit rose 14 percent, to $11.68 billion, the highest-ever profit by an American company. Exxon broke its own record.
The profit of $2.22 a share compared with $10.26 billion, or $1.83 a share, in the quarter a year ago.
And you know what? I still oppose windfall taxes. On the other hand, if I were a Republican running for office in 2008, I would be a little uncomfortable running around screaming “DRILL MORE! DILL MORE! DRILL MORE!” at the top of my lungs while everyone else is suffering the effects of the Bush recession and the oil companies are raking in BILLIONS.