Drill Billionaire's Club

Drill Baby Drill - Exxon Rakes in Highest Profits

I have read that up to 75% of fed leases to oil companies aren't even being used! There's nothing stopping the oil companies from drilling on these.

Oil companies should be charged for lands they're NOT exploring and/or drilling rather than giving them new leases! (See link above where it says: "The Obama campaign says it calculated that 68 million acres of leased land remain untouched, compared with the 1.5 million acres that President Bush would like to see opened to exploration in the Alaska National Wildlife Refuge. The majority of these unexploited acres are currently inaccessible by pipeline and much of the land has dubious production value. Nationally, only about a quarter of federal leased lands are being tapped for crude or natural gas."

The bastards don’t need new leases on the shores where we enjoy the water and a day at the beach! They’ve got them and they’re not using them!

The "Mavericks" are just part of the Drill Billionaire's Club. Don't underestimate that ; ) Sarah Palin puts the wink in hoodwink.



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Exxon Mobil posts biggest US quarterly profit ever
October 30, 2008 8:31 AM EDT

HOUSTON - Exxon Mobil Corp., the world's largest publicly traded oil company, says it shattered its own record for the biggest profit from operations by a U.S. corporation, earning $14.83 billion in the third quarter.

Bolstered by this summer's record crude prices, the Irving, Texas-based company said Thursday that net income jumped nearly 58 percent, or $2.86 a share in the July-September. That compares with $9.41 billion, or $1.70 a share, a year ago.

The previous record for U.S. corporate profit was set earlier this year, when Exxon Mobil earned $11.68 billion in the second quarter.

Revenue rose 35 percent to $137.7 billion.

On average, analysts expected the company to earn $2.39 per share in the latest quarter on revenue of $131.4 billion.

Shares fell 18 cents to $75 in premarket trading.