Last year, ExxonMobil earned $36 billion, the largest profit in US corporate history and, one reasonably may assume, the world. Other oil companies, US and non-US, did nearly as well, benefiting, ironically, from the very storms that caused so much damage to their refining capacity. Perhaps if Hurricanes Katrina and Rita somehow had swamped 500 transports on the tarmac, rendering them unflyable for several months, the concomitant reduction in airline capacity would have led to record airline profits in the fourth quarter.
Last year, ExxonMobil earned $36 billion, the largest profit in US corporate history and, one reasonably may assume, the world. Other oil companies, US and non-US, did nearly as well, benefiting, ironically, from the very storms that caused so much damage to their refining capacity. Perhaps if Hurricanes Katrina and Rita somehow had swamped 500 transports on the tarmac, rendering them unflyable for several months, the concomitant reduction in airline capacity would have led to record airline ...
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