This is now a total joke.
Notice the questions are sort of like GW’s “informal” chats with troops – ie:
Republican Senator: “My constituants think you control prices and charge too much – that would be evil – is that what you are doing.”
Oil Guy: “Gee, I’m glad you asked that, I will now explain to you like a kindergadener how we are victims of the evil arabs just like you.”
Republican Senator: “My constituants feel you just make too darn much money on what they pay at the pump, are you really that awful?
Oil Guy: “Heck our little company only makes 10%, it’s those stock guys that are raking it in by speculating.”
This is an emergency PR meeting for Exxon to explain why they made $100,000,000 a day last quarter!!! Lee Raymond is really earning his paycheck here…
Always watch Volero if you are daytrading oil – it reacts first, Exxon reacts last – At this moment, 10:47, I would say Volero has bottomed at 100.
