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Project Insomnia

Project Insomnia is many things, but in this context it is simply a "braindump" of whatever I happen to be thinking/reading/watching/doing at the moment. Parental guidance suggested.

Thursday, October 27, 2005

But they weren't gouging at the pumps, oh no

Exxon Mobil, Shell Post Record Profits -- SFGate/AP
High prices for oil and natural gas propelled Exxon Mobil Corp. and Royal Dutch Shell PLC to their best quarterly results ever on Thursday, with Exxon becoming the first U.S. company ever to ring up quarterly sales of $100 billion.

To put Exxon's performance into perspective, its third quarter revenue was greater than the annual gross domestic product of some of the largest oil producing nations, including the United Arab Emirates and Kuwait. The world's largest publicly traded oil company also set a profit record for U.S. companies by posting net income of almost $10 billion, according to Standard & Poor's equity market analyst Howard Silverblatt.

Gas prices are only now dipping back below $3 for regular; the premium required by the OMNIMVR is still around $3.10 or so. By the way, the OMNIMVR turned 100,000 yesterday.
|| Andrew, 3:17 PM || ||

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