Thursday, April 26, 2007

Oil industry news, in song

Exxon Mobil Corp., the world's largest publicly traded oil company, said Thursday its net income grew 10 percent in the first quarter, as higher refining, marketing and chemical profit margins overcame lower crude oil and natural gas prices from a year ago. --The Associated Press

We shall overcome. We shall overcome. We shall ovecome, some day.

"Everyone likes to hype $4 gasoline because it's sexy," says Tom Kloza, chief oil analyst for the Oil Price Information Service, an energy consulting firm. "The reality is that we're nearing the highs of the year, and within 30 days there will be more gasoline on the market. You might see $4 in tony places such as Beacon Hill or Beverly Hills, where they wear the price as a badge of honor." --BusinessWeek Online

I'm too sexy for my car. Too sexy for my car. Too sexy by far.

2 comments:

fermicat said...

"Everyone likes to hype $4 gasoline because it's sexy,"

Hmmm. I think $1 a gallon is sexy. I'd never make it in Beacon Hill or Beverly Hills.

punkinsmom said...

It does my heart good to know that the oil industry was able to overcome those lowered crude prices in order in increase their profits. God bless them.