Exxon's Embarrassment of Riches
Politicians and consumer groups quickly started a fresh wave of calls for special taxes against Big Oil after Exxon posted earnings of $10.7 billion for the quarter and more than $36 billion for the year, Reuters reports. "Once again, Exxon Mobil has reaped the largest windfall in U.S. history at the expense of hardworking families," Wisconsin Gov. Jim Doyle said in a statement. Exxon, in its earnings statement, said it understood there was a great deal of public interest in energy prices, but that its strong results would help it make investments to meet energy demand over the long-term.
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