In a previous post I talked about the oil bubble from last summer, created by speculators that drove the per-barrel price of oil up over 100%. Now comes the rather unsurprising news that Exxon-Mobil shattered it's previous record for annual profits posted by a US company.
Here's my conspiracy theory: speculators, working for Exxon-Mobil, deliberately drove the price of oil up, so that Exxon-Mobil could sell the oil they had purchased earlier at a lower price at the new inflated price.
Sure, it may be a stretch, but it fits right in to the continuing corporate criminal culture. A criminal president and vice president not being prosecuted for their crimes,Bernie Madoff under "arrest" in his $7 million apartment, it just proves that the larger the crime, the less likely you'll serve any time.