The Heart Keeps Pumping

Chevron Corp.’s fourth-quarter profit climbed 20 percent to $4.14
billion, a company record that continued the most prosperous stretch
in the oil company’s 126-year history as it capitalizes on high fuel
prices that are squeezing consumers and ruffling politicians. Its profit
of $14.1 billion for the full year was also a company record.

The San Ramon, Calif.-based company’s earnings for 2005’s final quarter,
released Friday, represented the most it has made in any three-month
period since its inception in 1879.
The performance edged the $4.13 billion
earned during the second quarter of 2004 _ the early stages of a two-year
boom.

Chevron now has posted record annual profits in each of the last two
years, earning a combined $27.4 billion.

from AP

In a freakish perversion of classical capitalist theory, Big Oil companies
are now doing everthing in their power to minimize their declared
profits, fearing public backlash and governmental investigations. Despite
their
best efforts, the visible evidence of this historical windfall continues.
For more on the Energy
Cartel Masterplan, see this
previous posting.