Thursday, July 27, 2006
Appearance: Banks and Oil Companies Enjoying U.S. Energy Crisis (WayTooHigh.com)
$100,000,000,000 in sales by just one oil company in 90-days.
If you think that amount and a 36% quarterly rise in earning by the Exxon Mobil® energy giant is staggering, look at the banks. Charge Card holders are paying almost $2.00 for each fill-up to Visa®, MasterCard® and their member banks. Much of these unbridled interchange fees are based on a percent of each sale, which translates into unparalleled windfall profiteering.
[commentary: WayTooHigh.com]