Clearly New Mexico

Looking at the rest of ExxonMobil's earnings report Link, two other numbers stand out:
1. only $2.4 billion out of that $11.7 billion profit came from US operations (see page 9); and
2. ExxonMobil paid over $32.3 billion in taxes during the same period, or almost triple its net profit (see page 8).

your blog pushes exxon profits that provides me with gas/oil/most plastics/and a fuzzy feeling in the country that made the rest of the world jelouse because they are too lazy or ignorant to accomplish what we have done ::but stops short of government profits++sorry I mean taxes as the gov!! tries to take away our milk and honey that others before us earned because some enviro nutcase or lackluster people don't think it is fair we have more and better cause we are more and better than them.

Thank God for Exxon, Shell, Chevron, etc. Otherwise we would all be riding bicycles to Santa Fe.

World Market. It isn't just a place to shop for foreign foods.

The price of oil is high for a number of reasons. Increased demand due to the increasing standards of living in developing nations. Limited supply due to artificial constraints, like OPEC and restrictions on exploration/drilling.

One of the proposed moonbat solutions is to require higher average fuel efficiency from cars. All we have to do is ignore that there is set amount of energy in a gallon of gasoline.

The reality is that the only way to higher gas mileage is to use smaller engines and/or smaller cars. Statistics show that underpowered and smaller vehicles have a higher rate of mortality in accidents.

Higher mortality rates as a trade off for increased mileage is the very definition of "Blood for Oil."

Go figure.

Exxon's profits of $11.7 billion was based on sales of $138 billion. That means Exxon and its stockholders got to keep only 8.4 cents of every dollar the company took in. (That's why Exxon's stock went down when those profits were reported.)

That compares to profit margins of 9.5 percent for Kellogg and 14 percent for the Walt Disney Co. (And I'll bet the foundations that finance your organization get a better return on their investments than Exxon does.)

So... are you suggesting a windfall profits tax on cornflakes and movies?