Does anyone think we are being lied to here???????So if there is no money in Oil why is it that Exxon's Profits are up by 11.68 Billion Dollars????????????
Tell ya what. Take a microeconomics course first and then ask this question. In addition, stop reacting with your feeeeelings and think rationally.
Exxon Mobil is a PUBLICLY owned company. The primary reason for any company's existence is to: MAKE MONEY FOR SHAREHOLDERS. They have done that.
Exxon Mobil spends billions in exploration as well.
Companies are allowed to make a profit. I'm happy they are doing so.
They are making these profits because speculators are driving the price up. There's no conspiracy. You're not being lied to. You just don't understand economics.
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