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bullmarket2222

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bullmarket2222

Re: SCHNAUSER post# 83788

Wednesday, 10/22/2014 4:30:21 PM

Wednesday, October 22, 2014 4:30:21 PM

Post# of 116863
Lets get some facts straight on Peak Oil...

I know it's here because the largest oil company can't hold production...

Exxon Mobil Corp. XOM 0.00% said its profit for the second quarter rose 28%, despite pumping oil and gas at its lowest rate in almost five years.

Rex Tillerson

America's biggest energy company by revenue was buoyed by higher oil prices in the U.S. and globally, lifting its earnings to $8.78 billion on revenue of $111.65 billion. It also got a boost from higher profits for refining crude and manufacturing chemicals. But its oil and gas production sank 5.7% from a year ago, the lowest rate since the third quarter of 2009.

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