Exxon Mobil breaks new profit record today!

Sung to the tune of "Where have all the young men gone?"

The Exxon Mobil refinery shown above is but one small part of the giant conglomerate soaking up the spoils of war. Exxon Mobil reported today that it beat its own record for the highest profits ever recorded by any company, with net income rising 3 percent to $40.6 billion, thanks to surging oil prices. The company’s sales, more than $404 billion, exceeded the gross domestic product of 120 countries.

John McCain is right! The surge is working!

Like almost all of the world's oil companies, Exxon benefited from a near doubling of oil prices, as well as higher demand for gasoline last year. Crude oil prices rose from a low of around $50 a barrel in early 2007 to almost $100 by the end of the year — the biggest jump in oil prices in any one year.

Compare the graph below with the one I posted a day or so ago. If you click on it to see it more clearly, you will literally "feel" the blood red of the spikes as they climb. They represent our sons and daughters who are being blown up each month in Iraq to keep the spikes ever climbing.

Do you see a rather noticeable negative correlation with the Consumer Comfort [sic] index?