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  • Exxon, Big Oil Profits Evil Only Until You Weigh Their Tax Bills

    02/12/2009 8:16:42 AM PST · by thackney · 62 replies · 2,153+ views
    US News & World Report ^ | February 11, 2009 | Robert Bryce
    Last week, as a friend of mine and I were discussing the energy business, an acquaintance of ours came into the room. When told the topic of discussion, she immediately denounced Exxon Mobil. She'd just heard on the radio that the energy giant had had a record $45.2 billion profit in 2008. She was clearly hoping that we would join in her disgust. I asked, "So are you suggesting that Exxon should not make money?" I went on, "Would you prefer that Exxon be like AIG, or Citigroup, or one of the big Wall Street outfits that's now asking for...