Exxon Mobil reported a 91% jump in 2nd quarter profits, while Chevron Texaco saw profits triple due to “higher energy prices”. But the military half of the industrial complex had a terrible week. A US audit revealed that the Pentagon is unable to account for more than $9 billion in Iraqi Treasury money they received to pay for “reconstruction” contracts. Bechtel? Halliburton? Little Dick Cheney? Read the rest of this entry »
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Free Lunch for Big Oil
July 7, 2010 — Dean HendersonOn that now infamous day of April 20, 2010, BP’s Deepwater Horizon rig was flying the flag of the Marshall Islands in our Gulf of Mexico, so that the rig’s owner Transocean could dodge its US tax bill. Read the rest of this entry »
