Last week ExxonMobil reported the largest quarterly profit in the history of American capitalism: a stunning $11,680,000,000. Trailing behind Exxon were Shell--$11,560,000,000; BP--$9,470,000,000; Chevron--$5,980,000,000, and CononoPhillips with a paltry $5,400,000,000. This bounty far outstripped last year's already record haul and puts Big Oil on track to pull down about $160,000,000,000 in profits this year.
(Though ExxonMobil edged its own previous record, it failed to meet analysts' expectations and its shares dipped. It was, however, very quick to point out...
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