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Exxon earnings soar on record oil prices


In the news today:

"NEW YORK (Reuters) – Exxon Mobil Corp (NYSE:XOMNews) said on Friday record oil prices boosted its fourth-quarter earnings to $11.66 billion, the highest ever operating profit by a U.S. company."

How more obvious can it be that oil prices are the result of extortion to increase profit earnings and not in response to costs of production or inflation?

If profits increase as costs increases then that means increased costs serve no other purpose than to further line their pockets.

Ya basta!

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