The real windfall
This from Mike Davis:
Cries of price gouging in for the oil industry from Democrats such as Chuck Schumer are nothing new. Now it seems that Republicans are jumping on the band wagon. Last week, after Exxon Mobil (XOM) published record quarterly profits of $9.9 billion, Senate Majority Leader Bill Frist called for hearings to see whether a windfall profits tax should be imposed. Checking the SEC 10-Q filing reveals the following:
