misleading
Fortune bases their findings on total revenue, not exactly the best measure of size, but whatever. That aside, Mobil doesn't set gas prices in this country. Gas like any commodity trades on an exchange based upon supply and demand. Mobil's revenues will be up sharply because prices were up sharply. One of my customers processes scallops, they receive them and package and send to restaurants or stores with spice or something added. Their sales were up more than 50% in 2005, yet they actually sold less product than in 2004. How did this happen? Because in 2005 prices were up sharply due to increasing oil prices, low fishing stocks, and a shorter fishing season than normal.
So sales were up, profits were up slightly, but nothing to do with their policies and instead a reflection of market forces. Mobil may be a little more complicated than that, but pure revenue numbers are misleading to say the least.
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All you need to know about the energy crisis:
ANWR Exploration Republicans: 91% Supported. Democrats: 86% Opposed.
Coal-to-liquid R's: 90% YES. D's: 78% NO.
Oil Shale Exploration R's: 90% YES. D's: 86% NO.
Outer Continental Shelf Exploration R's: 81% YES. D's: 83% NO.
Increased Refinery Capacity R's: 97% YES. D's: 96% NO
SUMMARY: 91% of House Republicans have historically voted to increase the production of America’s own oil and gas. 86% of House Democrats have historically voted against.
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