Quote:
There are a lot of companies that make much higher profits on their investment. Exxon is a huge corporation so of course their total profits are huge. When they lose money, as they have done with a lot less fanfare, their loses are huge too. But, since the US based oil companies are publicly traded corporations the recipients of those profits are people who own stock and mutual funds that invest in them.
True enough, but I haven't heard of them losing any money lately. There may be a correction in the future (like the housing market), but the pump prices don't seem to reflect the decreases in per barrel price as fast as they do the increases. 
A note here:
At current per barrel prices (aprox $135), that's about 3.25 per gallon for crude. About 50% of which becomes gasoline, 15% diesel. Add transportation, refining, overhead, etc..............
What's in a barrel of oil?
Contra todo mal, mezcal; contra todo bien, también
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