Venezuela touts cheap fuel to US as Bush takes heat
NEW YORK (Reuters) - Venezuela on Thursday launched an ad campaign touting its cheap heating oil program for the U.S. poor as Washington faces criticism for doing little to protect consumers from high fuel prices.Remember this from November 9?
The full page ad in some of the nation's top newspapers could irk the administration of U.S. President George W. Bush, which has frequently clashed with Venezuelan President Hugo Chavez over economic and foreign policies
Lee Raymond, chairman of Exxon Mobil Corp., said he recognizes that high gasoline prices "have put a strain on Americans' household budgets" but he defended his companies huge profits, saying petroleum earnings "go up and down" from year to year.And this:
Together the companies earned more than $25 billion in profits in the July-September quarter as the price of crude oil hit $70 a barrel and gasoline surged to record levels after the disruptions of Hurricanes Katrina and Rita.
IRVING, Texas - Exxon Mobil Corp. had a quarter for the record books. The world's largest publicly traded oil company said Thursday high oil and natural-gas prices helped its third-quarter profit surge almost 75 percent to $9.92 billion, the largest quarterly profit for a U.S. company ever, and it was the first to ring up more than $100 billion in quarterly sales. (emphasis added)
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