Good For Your 401K!

J.J. Jackson* | April 29, 2006

April 27 (Bloomberg) — Exxon Mobil Corp., the world’s biggest oil company, said first-quarter net income climbed to $8.4 billion from $7.86 billion as increasing global energy demand lifted prices.

Per-share profit rose to $1.37 from $1.22 a year earlier, Irving, Texas-based Exxon Mobil said today in an e-mailed statement. The company was expected to earn $1.47 a share, the average estimate from 20 analysts surveyed by Thomson Financial. - Bloomberg.com

And each and every one of you not leeching off society depending on working stiffs like me to provide you with social security for your retirement should be damn happy! Why? Because your 401Ks, pensions and other retirement plans which are invested in oil stocks are doing well.

However if Snarlin Alren gets his way, taxes on the oil companies are going to go up which means profit margins are going to go down which means that you are going to suffer. Of course to the leeches out there who hate big oil (which makes less than government per gallon) will celebrate that news.

So the only question is are you a hard working American or are you a leech?

The Deep Hot Biosphere : The Myth of Fossil Fuels

(Book)

Authors:Freeman Dyson, Thomas Gold
Manufacturer:Springer
Released:May, 2001

Do-Gooders: How Liberals Hurt Those They Claim to Help (and the Rest of Us)

(Book)

Authors:Mona Charen
Manufacturer:Sentinel HC
Released:29 December, 2004

Contributor's website: http://www.libertyreborn.com

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