Friday, February 27, 2009

Profits from Iraq war - higher cost...

This is from Project Censured a wonderful site that Andy Alt has sent to me Gianna and Susan by e-mail. Thank you Andy!
"Since the invasion of Iraq in 2003, profits have shot up for oil companies. In 2004, the major U.S. oil companies posted record or near record profits. In 2005 profits for the five largest oil companies increased to $113 billion. In February 2006, ConocoPhillips reported a doubling of its quarterly profits from the previous year, which itself had been a company record. Shell posted a record breaking $4.48 billion in fourth-quarter earnings—and in 2005, ExxonMobil reported the largest one-year operating profit of any corporation in U.S. history."
They would never spend money on a war that have no profits. The higher cost: lives and minds of soldiers.

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