Howard County Blog

A Blog on what is going on in Howard County

Monday, January 30, 2006

Gas Prices

Exxon reported $10.7 billion dollars (yes that is billion with a B) in profits in the fourth quarter for more than $36 billion of profits for the year. To put that in perspective:

[That $36 billion is] bigger than the economies of 125 of the 184 countries ranked by the World Bank. Profit rose 42 percent from 2004, largely due to soaring oil and gas prices.


Something to think about next time you are at the gas pump or there is talk of the corporate welfare stuffed Energy Bill passed by our Congress.

8 Comments:

Blogger hocoblog said...

Well, since you brought it up maybe you and your readers would be interested in this piece of information.

http://hocomd.blogspot.com/2006/01/delegate-warren-miller-gasoline-bill.html

11:46 PM  
Blogger dunbar06 said...

Why is it the same people who complain about the rise in gas prices never have the same complaints when the Howard County taxes are jacked up by 30%?

The same people probably lost more money from the tax increases than they are from a rise in gas prices.

12:24 PM  
Blogger Evan said...

Harry,

Because the taxes went to improve services in Howard County and increase our quality of life, while the increase in gas prices went to companies who get massive corporate welfare (which our federal taxes pay for) who are making massive profits sell a commodity most Americans do not have a choice to buy if they want to get to work. If you cannot understand the difference between the community pooling its money through government taxes to improve itself thus get services through working together that it would cost more to pay for individually and corporations who sell goods at massive profits while paying Washington politicians to get them tax cuts, then I worry about your judgment and understanding of the effects of government action on citizens.

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