If you ever wonder what oil companies are doing with their profits, which were greater last year than any industry's in the history of the world, take a look at today's Los Angeles Times. No, Exxon's not buying Hawaii. But Chevron is trying to buy the right to pollute California's water supply without punishment.
After recording the highest annual profits in the company's 126 year history, Chevron is using an undisclosed amount of its $14.1 billion in 2005 profits to...
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