30. When Oil Companies Like Exxon cannot hide $10bil profits in a quarter you know...
The profits are just pouring in faster than they can reinvest them or even make up enough reserve funds to put them in.
Before Bush, oil companies always carried profits as reserves or reinvested funds for oil exploration and contingent losses. They are still doing that today, but the money is pouring in so fast they cannot keep up.
If you looked at the gross sales receipts for oil production, refining and distribution ... you would be even more astonished.
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