[Land-speed] No new Refineries

[Tom Bryant]

Joel,

I said my position was not popular...all you have to do is pick up a paper
or tune into the news and this is what you hear. What isn't taken into
account is the massive investment and volume of $'s the oil companies handle
 My sources say that there is about ten cents profit in a gallon of gasoline
 Government taxes are at least triple that in most states. The feds also
collected $30 billion in taxes on Exxon's profits.

According to the financial report on MSN, XOM (Exxon Mobil) earned net
profits of 9.7% of sales, in the last 12 months. Healthy, but hardly
alarming. Intel netted 17.3% of sales. Microsoft netted 28.3%. Profitable
companies employ people...that's good news.

Tom, Redding CA - #216 D/FCC



-------Original Message-------

From: Joel Wolcott
Date: 07/22/08 14:13:59
To: Tom Bryant
Cc: land-speed at autox.team.net
Subject: Re: [Land-speed] No new Refineries

Exxon Mobil makes more than $10 billion
No. 1 U.S. oil company earns $1,318 a second - topping forecasts - but comes
in just shy of a record.
By Steve Hargreaves, CNNMoney.com staff writer
July 27 2006: 4:27 PM EDT


NEW YORK (CNNMoney.com) -- Profits at Exxon Mobil surged 36 percent to a
near record $10.4 billion in the second quarter as surging oil prices helped
the world's largest publicly traded company soundly beat Wall Street
forecasts.
The company's profit - which amounts to a cool $1,318 a second - is the
second biggest ever reported by a U.S. company, behind only the $10.7
billion Exxon itself earned in the fourth quarter of 2005.

Exxon Mobil Profit Sets Record Again
Published: February 1, 2008
By any measure, Exxon Mobil"s performance last year was a blowout.
The company reported Friday that it beat its own record for the highest
profits ever recorded by any company, with net income rising 3 percent to
$40.6 billion, thanks to surging oil prices. The company"s sales, more than
$404 billion, exceeded the gross domestic product of 120 countries.
Exxon Mobil earned more than $1,287 of profit for every second of 2007.
The company also had its most profitable quarter ever. It said net income
rose 14 percent, to $11.7 billion, or $2.13 a share, in the last three
months of the year. The company handily beat analysts" expectations of $1.95
a share, after missing targets in the last two quarters.

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