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Breaking: Company Sells You Product, Makes Money

The Agence France-Presse says that “sparks” are “fly[ing]” over the announcement just made in Irving, Texas: ExxonMobil had a gangbusters quarter, raking in $10.36 billion dollars in profit. That’s the second most profitable quarter in the company’s history.

Stoked by skyrocketing crude-oil prices, ExxonMobil’s net profit in the quarter to June came to 1.72 dollars per share. That handily beat Wall Street forecasts for an earnings figure of 1.64 dollars.

Total revenues in the three months rose 11.8 percent from the same quarter of 2005 to 99 billion dollars.

In Congress, Democratic lawmakers said the sky-high profits reflected misplaced policies by the adminstration of George W. Bush.

Yes: And now for the political angle! ExxonMobil is a corporation. It is massive and secret and unaccountable to anyone, you see. ExxonMobil trucks gas to retailers, while minions seated deep in Texas press buttons to determine the global price of their source product, crude oil. The company is presided over by “The Man” and its customer base is “The Little Guy”. Its core competency is “the keeping down of the customer by the president”. This sort of a relationship doesn’t usually make sense, but ExxonMobil forces you to purchase their product.

Crystal-clear? Now back to the AFP report:

The soaring profits of ExxonMobil and other oil groups have generated fierce criticism about the industry profiting from consumer misery, prompting some US lawmakers to call for a “windfall” profits tax.
Under such misery suffer those consumers! Those pale, loitering lots supernaturally forced to exchange in consumptive transactions over and over again, unable to choose whether, at what price, or from whom they shall have their gas. O, if only they had invested in ExxonMobile five years ago.

UPDATE:


The Dark Prince ascends.

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