EXXON POSTS LARGEST EVER PROFITS FOR US COMPANY: $39.5 BILLION!

All While World Oil Reserves at All Time High:

Exxon just posted the largest annual profit in the history of the United States of American: A whopping $40 BILLION!

Mind you, that’s not $40 billion in annual gross revenue. That is not the GNP of some Caribbean Country. That is the net profit, all $40 billion of it. (Technically, it was only $39.5 billion, but what’s a token half bil’ in the grand scheme of life?)

So, a reasonable person might say that an oil company is entitled to that much profit considering the oil shortage—STOP! WAIT!!!,” says Swiss America CEO Craig Smith, “But there is no oil shortage. In fact, world oil reserves are at an all time high!”

Smith, who is conducting interviews on this topic, gives eye-opening details to just how and why Exxon was able to pull this off.

During your interview, Smith, coauthor of the book “Black Gold Stranglehold: The Myth of Scarcity and the Politics of Oil”, offers thought provoking proofs that there is no oil shortage and that the price of oil should be less than half its current value.

Craig explains that from a supply and demand standpoint, when supply exceeds demand, gas prices should be plummeting, not escalating. According to the U.S. Dept. of Energy, the proven world oil reserves as of 2005 were 1.3 trillion barrels of oil. YET, GAS PRICES ARE RISING AGAIN AND OIL PROFITS ARE AT AN ALL TIME HIGH! HOW CAN THAT BE?

Furthermore, Craig contends that oil is NOT derived from dinosaurs. He shows how oil can be created in a laboratory and that it isn’t even a fossil fuel.

By the end of your interview, your enlightened listeners will no longer have to be held hostage to the notion that Americans must be perpetual slaves to stranglehold of foreign oil because there is no shortage of the stuff! And we’ve got plenty of it here already in the good ol’ US of A, if only we are prepared to dig deeper—not into our wallets but into the mother lode of this plentiful non-fossil fuel.

About Craig Smith...

Craig R. Smith is the CEO of Swiss America Trading Corporation, one of the largest and most respected investment firms in the United States. Smith is an author, commentator and economic analyst who instantly engages audiences with his common-sense perspective on national and global economic trends. Over the past two decades he has been interviewed on over 1,500 radio and TV programs including: FOX News, CNN, CNBC, ABC, NBC, CBS, PBS, TNT, CBN, TBN, Time, The Wall Street Journal, The New York Times, Newsweek and World Net Daily. He currently resides in Phoenix, Arizona.

CRAIG SMITH’S 7 STEP PLAN FOR ENERGY INDEPENDENCE:
Craig Smith believes that America can and will become energy independent if some steps are taken to correct the aforementioned problems. In addition, they not only meticulously present the problems facing American oil interests, but have developed a seven-step action toward U.S. oil independence by:

1. Promoting scientific research to investigate alternative theories.
2. Expediting leases offshore and in Alaska to encourage oil exploration.
3. Providing tax credits for deep-drilling oil exploration.
4. Creating an oil research institute to serve as a clearinghouse of oil industry information.
5. Developing a public broadcasting television series devoted to the oil industry.
6. Reestablishing a gold-backed international trade dollar.
7. Establishing tax incentives for opening new refineries in the U.S.

THE NEW YORK TIMES/ February 1, 2007
Exxon Sets Record on Annual Profits
By CLIFFORD KRAUSS

HOUSTON, Feb. 1 — Exxon Mobil reported a record annual profit on Thursday but a modest decline in fourth-quarter earnings because of falling oil and gas prices.

Meanwhile, its competitor Royal Dutch Shell reported an unexpected rise in quarterly earnings, a sign that the industry is still going strong.

The results followed reports by other energy companies in recent days that said easing commodity prices, declining refining and chemical earnings, rising steel and labor costs and higher royalties and taxes had hurt their bottom lines somewhat.

But the shortfalls at all the major companies, including Occidental, ConocoPhillips and Hess, have come after record or near-record previous quarters. With oil and gas prices on the upswing again in recent days, few analysts think the bonanza of profits that energy companies have enjoyed in recent years will end anytime soon.

Exxon, the world’s largest publicly traded oil company, reported profit of $10.3 billion in the fourth quarter. That represented a decline of 4.3 percent from its record profit in the fourth quarter of 2005 and was Exxon’s first quarterly decline in almost three years.

But for the year, Exxon’s profit rose 9 percent from 2005 results to a record of $39.5 billion, the largest annual profit ever for an American company.

Oil prices for the quarter ranged between $55 and $63 a barrel, averaging just shy of $60. That represented a 15 percent decline from the third quarter and was less than 1 percent lower than the fourth quarter of 2005.

Shell reported a profit $5.28 billion, a 21 percent rise from the fourth quarter of 2005. Shell’s annual income of $25.4 billion was also a record.

Production rose 4.1 percent to 3.65 million barrels of oil a day in the fourth quarter.

Oil prices in 2006 averaged $66, $10 higher than the year before, according to a recent Citigroup report on the energy industry. Oil prices reached a high of $77 in July, but they have declined to the low-to-mid $50s due to generally warm weather and the perception of easing tensions in much of Middle East since then.

Natural gas prices declined through much of the year from their peak following the exceptionally active hurricane season in 2005. But they have remained historically high despite the unseasonably warm winter in much of the country.

Henry Hub natural gas prices averaged $6.3 per million cubic feet in the latest quarter, down 46 percent from the fourth quarter in 2005.

Copyright 2007 The New York Times Company

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