Oil Company Executives Defend Profits

Well, of course they do.

I like this quote:

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.

What the fuck is that supposed to mean?
This guy is the freakin Chairman?
Is this just a dog and pony show to try and calm the masses?

The fact of the matter is that their profits have not only been rising with the prices we're paying, but they have been rising exponentially.

Have a look at some of the reports over at Consumerwatchdog.org.