August 19, 2008

Oil's Washington juggernaut

That headline is from - click here for the full article.

The article explains how much money Big Oil has spent in D.C. lobbying Congress so far this year.

The Big Spender award goes to Exxon, which has passed $8 million in lobbying. That sounds like a lot, but when you have $11.68 billion in profits in one quarter (in three months!), a mere $8 million gets rounded off. In fact, $8 million is only 0.068% of the company's second-quarter profits, an unnoticeable blip on someone's line-item (paid for at the pump by you and I).

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