The Spark

“The emancipation of the working class will only be achieved by the working class itself.” — Karl Marx

Your friendly oil company

Jun 2, 2008

Something to think about as you pay more than $4 per gallon for gas:

– Since the summer of 2001, the five largest oil companies in the U.S. – ExxonMobil, ChevronTexaco, ConocoPhillips, BP and Shell – raked in 586 billion dollars.

– Since January 2007, ExxonMobil has spent 40 billion buying back stock while spending only 4.3 billion on U.S. capital investment and exploration.

The oil companies aren’t even looking for more oil. They just claim there is an oil shortage and jack up the price. Then they recycle their profits to their stockholders, the capitalist class itself.

Fill ‘er up.