Well, the laugh is on the Democrats and Mr. Obama and those who said that big oil was gouging us at the pump. Reuters has reported today, published in Yahoo News, that Exxon is closing all their U.S. retail outlets, because the the profit is not there – the margins are too tight – while profitable the investment could be better placed elsewhere. If they were gouging this would not be the case. The report goes on to say that other oil company’s retail outlets may follow suit.
Archive for June 13th, 2008
Pump gouging ceases! Democrats / Obama need new target!
Posted in Broken Government, Economy and Trade, Energy Policy, Government, The Political Process, oil, tagged california, democrats, drill for oil, ethanol, exxon, florida, gasoline stations, global warming, Obama, renewable energy, retail gas, reuters, yahoo news on June 13, 2008 | Leave a Comment »
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