Denver Post- October 10, 2008
Nearly $6 billion earnings in one quarter for Chevron is really quite impressive, considering Exxon Mobil which produces only 3 percent of the worlds oil had earnings of $11.68. The six major international oil companies topped $50 billion in profit. It seems pretty ridiculous that the oil industry profits hundreds of billions of dollars every year, but that's just good business. What I would like to see is more oil produces investing in clean technologies to help transition away from oil. I think $50 billion would go pretty far in cleaning up the environment and funding research.
http://www.denverpost.com/headlines/ci_10682446
http://www.huffingtonpost.com/2008/07/31/oil-profits-shatter-recor_n_116022.html
http://www.msnbc.msn.com/id/25964073/
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