Simply Mind-Numbing

Looks like that $4.00/gallon gas last summer paid off. For somebody. Don't stories like this one just turn your stomach?

Exxon Mobil Reports Record $45.2 Billion Profit For 2008

Exxon Mobil Corp. on Friday reported a profit of $45.2 billion for 2008, breaking its own record for a U.S. company, even as its fourth-quarter earnings fell [...]

Oh, Nice.

You just can't win, for losing.

Major Oil Projects Come Undone as Price Collapses

Falling oil prices are welcome at the pump, but attendant oil project delays will likely reduce future supplies and may set the stage for another oil price surge [...]

Give Us A Break!

Seems those of us here in the U.S. just can't get a real break when it comes to gasoline prices.  Just as prices start to become somewhat reasonable (yes, SOMEWHAT reasonable), the great guys at OPEC figure we've got money to throw around.  Need an excuse to move ahead, quickly, on finding other sources to power our vehicles?

OPEC president: Oil cuts likely if no price rally

OPEC nations could further reduce oil output if moves last month to slash production do not bolster plummeting oil prices, OPEC president Chakib Khelil said Saturday. Khelil, who is also Algeria's energy minister, said an OPEC report would [...]

Technorati Tags: OPEC, Gas Prices, Oil Prices, Crude Oil

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The Good, The Bad...

And the ugly.  Let's start with the good.  I filled my gas tank for $30 today! And I was running on fumes. $2.54/gallon, thanks to my 10 cent/gallon frequent shopper discount at the supermarket. Now, of course, it'll drop to $2.00 in the next couple of days. You KNOW how that works!

The bad? The stock market's in a nosedive again today.  Why?  Here's the ugly reason. Or, at least, one of them.

Retail Sales Slip In Sign Of Economic Downshift

Retail sales fell sharply in September as consumers shunned department stores, auto showrooms and shopping malls, ratcheting back spending for a third consecutive month.Last month's 1.2 percent decline in retail sales was [...]

 

All's Fair in Politics

Nice little bit of political theatrics on the part of House Republicans Friday. Certainly made for some interesting watching. Or listening. When the lights went out.

House Conservatives Engage In Political Stunt, Demand A Vote On Gas Prices After Obstructing A Vote

House conservatives engaged in political theater today, storming the floor after Congress was adjourned “to attack Democrats for leaving town without doing something to lower gas prices.” Politico reports, “At one point, the lights went off in the House and the microphones were turned off in the chamber, meaning Republicans were talking in the dark.” [...]