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Thursday QT

Some big oil info, courtesy of QT:

Oil's well

News Item: Supreme Court accepts argument from Exxon that $2.5 billion in damages awarded in the Exxon Valdez oil spill was "excessive."

"Excessive" hardly begins begin to describe it. It takes Exxon more than 19 days to register $2.5 billion in net profit.

I would imagine it's all a matter of perspective...

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