More on Exxon's profits
From the inbox:
Sorry to bother you but I was watching The Colbert Report and this clip reminded me of your class. I thought it was pretty hilarious and maybe you will too.
http://www.comedycentral.com/colbertreport/videos.jhtml?videoId=178711
Why does this clip remind a former student of my class? Because. Because I'm just as freakin' hilarious as Stephen Colbert.
I should have my own show on cable.
Posted by: John Whitehead | August 13, 2008 at 08:38 AM
High profits would indicate that oil is selling much higher then production costs.
Low production costs would indicate a lack of scarcity.
Peak Oil once again disproved.
Posted by: joshua corning | August 13, 2008 at 12:06 PM
"Low production costs would indicate a lack of scarcity."
Only if you require leases to be re-negotiated every year (who are you, Hugo Chavez?)
Posted by: odograph | August 13, 2008 at 12:29 PM