Its not rocket science even for a trickle downer.

Exxon both produces from reserves of its own and buys oil on the spot market. They were making good money on their reserves when oil was 20 bucks a barrel the extra $110 per barrel is almost entirely profit.

That they are making those profits is good for them, but the price of fuel required for them to make that profit hurts pretty much every other US business. Other businesses are not hurt just for transportation costs but because demand is down for pretty much everything but fuel wile consumers pay a larger percent of their budgets on fuel.

Yes the profits of oil companies are obscene, but the windfall to foreign governments is even more obscene.

Bush and Cheney ought to be not only impeached. They ought to be prosecuted as traitors.