Tuesday, August 19, 2008

ExxonMobil CEO Defends High Profits

I found this interesting article on ABC News' website documenting an interview Charlie Gibson did with ExxonMobile CEO Rex Tillerson. What struck me the most is right at the beginning of the article. Tillerson makes the comment that Exxon makes $1400 every second. But the real shocker, they pay $4000 per second to the government in taxes!!!! So basically the government is doing absolutely nothing and making almost 3x what Exxon is making for providing the energy. It just seems curious to me that "Big Oil" gets pummeled for making too much money, but you never hear anything said about how much Uncle Sam is making off the oil companies.

No comments: