When Did Critics Stop Caring About Oil Profits?
By Robert L. Bradley Jr.
Attacks on oil-company profits were once standard fare among anti-fossil-fuel activists. As Daniel Weiss of the Center for American Progress complained two years ago, "Big Oil is swimming in an endless river of profits."
But if higher quarter-over-quarter, or year-over-year, profits, were cause for such disapproval, why isn't the Left celebrating the recent earnings declines among energy companies? Major oil firms Exxon and Chevron just issued their most dismal quarterly reports this decade.