Should the Oil Industry Make a Profit?

The price of gasoline has never been higher, with many Americans feeling the pinch on their wallets. But not those who own stock in oil companies. As soaring gas prices have turned into massive profits for big oil, the shareholders of these companies are cashing in. And if you own a mutual fund, that may even be you. BP yesterday reported a staggering 63 percent surge in first quarter net profit to $7.6 billion, and Royal Dutch Shell posted a 25 percent increase to $9.1 billion. Last week,...Full Story
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