As prices for gasoline reach record highs all around the country because, we are told, of the devastation to our oil infrastructure and refining capacity, the stock market is exposing the oil industries' despicable secret: the winds of Katrina will be a windfall for big oil.
The Yahoo Major Oil & Gas Index shows stocks up 5% since Monday. ExxonMobil is up 5%. Halliburton is up about 8%. Why would companies sustaining massive damage to their property be doing so well?...
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