Friday, August 1, 2008


Published: August 1, 2008

HOUSTON — Exxon Mobil reported the best quarterly profit ever for a corporation on Thursday, beating its own record, but investors sold off shares as oil and natural gas prices resumed their recent decline.

Ever for a corporation.
It must have been fun to write that line -- he's probably been working on the story for a while, just waiting for the reports.
Ever for a corporation.

Sometimes things are exactly what they seem.

Oil prices are up 91% from the same quarter last year.
At the same time, supply is down 10% from the same quarter last year, the article reports.

Listen to this paragraph--
Exxon’s profits were nearly $90,000 a minute over the quarter, but it was less than Wall Street had expected. Exxon’s shares fell 4.6 percent, to close at $80.43.

Doesn't it just all sound crazy? Like the things going on are too dramatic to be anything but a Saturday Night Live skit?

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