Jerry Taylor comments to The Corner: “Their profits were down about a third relative to the most recent quarter. They took a big hit with the fall of world crude oil prices – demonstrating once again “Big Oil” can’t just conjure up any old price it wants. Their profits for 2008 set a record, however, because the awesome profits secured in the first three economic quarters overwhelmed the losses that hit in the fourth.”
KL
About the Author
Kathryn Jean Lopez is a senior fellow at the National Review Institute and the religion editor of National Review. Sign up for her weekly newsletter here. She is the author of A Year with the Mystics: Visionary Wisdom for Daily Living.
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