A Little Song, a Little Dance (a little high-test down your pants)
You gotta hand it to Chevron-Texaco and “trust the man who wears the star” to jump right in there when times are tough, the country is at war and a quick profit can be turned. War-profiteering is probably a little strong and pointing at Chevron-Texaco before their competitors post quarterly results a tad misleading, but it’s fun sometimes to mislead about those oil giants. Counterbalances those two-page spreads they buy to convince us they’re actually eco-friendly.
Seems with the airlines going broke one-after-the-other and small independent truckers having a hard time making the mortgage (not to mention the truck) payments, oil companies would be hurting just a bit. Not so. Chevron-Texaco’s profits doubled in the 4th quarter. And this, in spite of production falling nearly 9% because of hurricane damage at their southern refineries. Like my old daddy said, “the rich get rich and the poor get children.”
Stock analysts said the quarterly results showed “a good set of numbers.” Well, I gu…