Big Oil Defends Itself Before Congress...Again Written By: Miranda Marquit 2008-05-22 13:52:29 Big Oil executives try to explain their record profits -- and compensation -- as gas prices soar.
Big Oil Does the Stock Market Victory Dance Written By: Miranda Marquit 2007-09-21 12:11:22
Just like nearly everyone else, Big Oil is doing a victory dance on the stock market. And why not? The Fed rate cut made money cheaper, so that helps earnings. And oil prices are at record levels. That supposedly eats into Big Oil profits, but it never seems to really reduce profits, and the Fed rate cut will probably take care of that anyway, despite threats by a variety of oil producing countries to move away from the dollar.
