Tag Archive: fuel

Feb 07 2012

Oil industry profits are… good!

By Robert L. Bradley, Jr. The world’s largest energy companies just released their fourth-quarter earnings. Though slightly less than the previous quarter’s gains, the figures were, nonetheless, headline-grabbing. Chevron generated $5.1 billion. Shell earned $6.5 billion. ExxonMobil, the leading U.S. oil company, earned a whopping $9.4 billion. On cue, left-leaning pundits and activists rose to …

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