DANIEL J. WEISS and JACKIE WEIDMAN – Lingering high oil and gasoline prices contributed to another quarter of huge profits for the big five oil companies: BP plc, Chevron Corp, ConocoPhillips, ExxonMobil Corp, and the Royal Dutch Shell Group. They earned a combined $28 billion in the third quarter of 2012, reaping more than $90 billion in profits through the first three quarters of the year. (see Table 1) As they did last year, the â€œbig fiveâ€ are on track to easily exceed $100 billion in profits this year.
REBECCA GRIFFIN – Last week, the House of Representatives took a small but important step toward reining in Pentagon spending. Thank you to all of you who responded to our call to tell your representative to support amendments to cut the military budget and end the war in Afghanistan.