NYT is reporting that BP "announced a profit of $7.27 billion in the second quarter, 30 percent more than the comparable period a year ago and the equivalent of more than $55,000 a minute."
I'm going to repeat that. BP is making a profit of more than $55,000 a minute. As the picture above shows, BP isn't the only oil company making obscene profits.
The NYT explains that "Sky-high crude oil prices are the main reason BP’s coffers are overflowing, and analysts a string of similarly robust figures from the other global oil giants as they report their second-quarter results in the next few days, which will probably prompt a new round of calls by politicians to impose windfall profits taxes on the industry."
I don't want a new round of calls by politicians to impose windfall profits taxes on the industry. I want a windfall profits tax and I want it now.
1 comment:
Wow, imagine what people like us could do with seven fucking billion dollars.
Yes, I do believe that there are problems you can solve by throwing money at them; why do you ask?
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