U.S. News: Peak profits and empty pockets at the pump

by agora | August 8, 2008 at 10:47 am | 94 views | 2 comments

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As gas climbs to $5 a gallon, the pain is evident everywhere. Buses are packed. GM is closing factories. The airlines are laying off pilots and flight attendants. Independent truckers are going bankrupt. Real wages slide down and inflation shinnies skyward.

Not everyone in the U.S. is feeling the pain, however. Exxon, based in Irving, Texas, was top producer of profits worldwide for 2007. Conoco Phillips and Chevron...

Internet site reference:

www.agoracosmopolitan.com/home/Frontpage/2008/08/08/02519.html

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Jarrett Martineau

at 10:59 on August 8th, 2008

Please use the Highlight tool to quote from external sources and be sure to include your own original content in the post.

René

at 11:12 on August 8th, 2008

What can we do about it? Out them! Start a list, check it twice: CEOs and their take home Pay, and their other chief execs. Kings and Princes too. then contrast that with take-home pay of their regular employee-workers, and actual dividend payout on stocks. Bet the average gas station owner is hurting too and getting all the blame and curses..