ExxonMobil spending less to find oil than in 1981

When a Pentagon shakeup couldn’t get on the air because every channel is riveted to Paris Hilton being dragged back to jail in handcuffs, it’s time to turn the jackals-in-the-box off in disgust and read.

Count on high gas prices sticking around: ExxonMobil turned a $39.5 billion profit last year on sales of $365.4 billion – more than any other corporation ever.

Yet it isn’t making the investment in finding new oil that it did in 1981.

Last year Exxon-Mobile spent $19.9 billion looking for oil and improving its refinery, pipeline and pumping capacity.

CassopolisVigilant