Tuesday, July 29, 2008

BP Stands for Bully the Purchaser and Banner Profits!

In the second quarter Americans opened their pocketbooks wide every time they filled their gas tank. British Petroleum joined ConocoPhillips in announcing record revenues and record profits. ExxonMobile and Chevron share their windfalls later this week.

Smart Senators would be wise to cease and desist promoting oil company interests, especially during this period of "shaft the customer" record earnings. In 3 short months:

BP's second quarter profit soared 27% to almost $9.5 billion.

ConocoPhillips bottom line raced almost 31% to $5.4 billion

Who's celebrating these developments? Not many people I know. Chuck the oil fompany executives and their Congressional facilitators!