Sunday, July 30, 2006

Perspective on Exxon

Yah, Exxon makes a lot of money, pre-tax. Of course, as pointed out by people who can read TWO sentences consecutively (Gross sales were X, profits were .10X) it's simply a decent showing.

But here's another way to look at it which is scary:

Here’s the real figure that bothers me: the US Government spends money [PDF] at the rate of:

$81,431 per second

$4,885,844 per minute

$293 million per hour

$7 billion per day

In other words, if we took all of ExxonMobil’s worldwide 2nd quarter profits and gave that money to the US government, the US would burn through that $10.36 billion in a bit under 36 hours.

Put another way: those profits wouldn’t support the US government through a complete weekend.

HT: AnkleBitingPundits

No comments: