Mark Morford: 700 billion fluffy nothings

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At www.sfgate.com

Nearly $40 billion in profit for Exxon in 2006, the biggest of any US company, ever. The price of a barrel of oil just jumped its highest amount in history--$25 in a single day--thanks to all the violent instability in the US market. Turns out, given the bizarre machinations of How It's All Set Up, the energy markets are loving this meltdown, and Bush's oil cronies (among others) are getting richer than ever. Go figure.

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At www.sfgate.com


 

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