Friday, October 28, 2011

$113 million a day in profits in a down economy.

OCTOBER 28, 2011


The news as I see it and the views as I want them.

October 28 is … Plush Animal Lover's Day and National Chocolate Day

A David Freese plush animal would sell big in St. Louis today. The St. Louis Cardinals won last night over the Texas Rangers 10-9 in eleven innings. The World Series is tied at 3-3 with a deciding game 7 scheduled for tonight.

I have always liked actor James Garner. This Oklahoman was originally named James Bumgarner but the studio changed his name, without telling him, to James Garner. It was probably a good career move.

The 83 year-old has written an autobiography. It is being released November 1, 2011. I will report on it once I get it and read it. I am going against my initial reaction by reading this life-long Democrats life story, but since his stroke in 2008 has prevented him from being as politically active as he once was. He is in decent medical shape for a man that smoked for over thirty years and suffered a stroke. I wish him well. Like I said, I always liked him.

On the NBC Nightly News Wednesday night, they reported a story about the Mexican drug cartels recruiting American youngsters to move drugs over the border. The story was based in Maverick County Texas.

Apparently Bernie Madoff was only good at one thing or perhaps he was not really trying. He had to know his stocking was only going to have coal in it Christmas morning. Ruth Madoff, wife of disgraced Ponzi schemer Bernard Madoff, told "60 Minutes" that the couple was so distraught over her husband's crimes that they attempted suicide together.

"I don't know whose idea it was, but we decided to kill ourselves because it was so horrendous what was happening," Ruth Madoff tells reporter Morley Safer. "We had terrible phone calls. Hate mail, just beyond anything and I said '...I just can't go on anymore.' "

On Christmas Eve, Ruth and Bernie went through with the suicide pact. It obviously did not work since she is talking about it. It could be to improve the marketability of her inevitable tell-all book.

How much is enough? The biggest thing wrong with this story is that it is Exxon Mobil and not me. The fact big oil companies get taxpayers money is also upsetting.

Exxon Mobil says its net income rose 41 percent in the third quarter as higher oil and natural gas prices made up for lower production.

The largest publicly traded oil company earned $10.33 billion, or $2.13 per share. That compared with $7.35 billion, or $1.44 per share, a year earlier. Revenue rose 32 percent to $125.3 billion. Analysts had expected earnings of $2.12 per share on revenue of $118.5 billion, according to FactSet.

Oil production fell 7 percent to 2.25 million barrels per day while natural gas production slipped 3 percent to 4.28 million cubic feet per day. Production fell, causing an artificial shortage which in turn caused prices to rise.

Exxon Mobil made $10.33 billion in the third quarter. That adds up to a yearly profit of $41.32 billion. That is $3.4433 billion per month or around $113 million a day. Let me repeat that; $113 million dollars per day in profits.

Exxon Mobil makes Bernie Madoff look like a school boy.

Just a couple of thoughts I had and you should too or at least think about.


DEKALB, IL 60115



Go to web sites below to buy books by Bruce A. Brennan. It is still a good time to purchase any of my books. The books are interesting and inexpensive reads. My third book is now available. The title is Public EneMe? (do a quick search, Title, my name) Do a Title or author search.

Book Titles:

Holmes the Ripper

A Revengeful Mix of Short Fiction

Public EneMe?

"There are seven sins in the world: Wealth without work, Pleasure without conscience, Knowledge without character, Commerce without morality, Science without humanity, Worship without sacrifice and politics without principle." - Mahatma Gandhi