#more on Exxon’s sketchy profits
Following up on my recent post, I saw this [tag]Autotopia[/tag] article pop up in my aggregator.
…usually increased profits have something to do with increased sales, or gains in efficiency. [tag]ExxonMobil[/tag]‘s profits increased by 27 percent over the fourth quarter of last year, but production of oil actually DECREASED over the prior year, according to the company.
[...]
ExxonMobil’s carpe diem attitude means focusing solely on pleasing the shareholders today while not concerning itself with possible alternative energy sources for the future. The company appears to not give a rat’s rear about alternative energy and plans on oil lasting forever.
