How Can America Break the Dependence on Foreign Oil?

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Universal Healthcare or Corporate Welfare?

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Exxon Mobil sets record profit in Q4. Let's hear it for unfettered capitalism! Exxon Mobil Corp. set U.S. records for annual and quarterly profits Monday as it easily topped fourth-quarter earnings forecasts. The nation's largest oil company reported net income in the fourth quarter of $10.7 billion, or $1.71 a share, compared to $8.4 billion, or $1.30 a share, a year earlier. Excluding items, Exxon Mobil ( Research ) earned $10.3 billion, or $1.65 per share, topping a consensus forecast of $1.44 a share from analysts surveyed by earnings tracker First Call. It also topped the record for quarterly profits it set in the third quarter, when it earned $9.9 billion. Shares of Exxon Mobil gained 2 percent in early-afternoon trading, helping to take the Dow into positive territory. For the year the company earned net income of $36.1 billion, or $33.9 billion excluding special items. That's up 31 percent from the $25.9 billion it earned on that basis year earlier. Exxon Mobil...
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