Where's our oil money going?



The Courier, Findlay, Ohio: All the major oil companies reported record profits in the fourth quarter, with ExxonMobil topping the list with $10.7 billion.
There really isn't anything that can rationally be done about the record profits, which are the natural result of extremely high demand around the world coupled with limited supplies.
But rather than bemoaning the riches flowing from our pockets into those of U.S. oil companies, we need to consider another, even more serious problem connected to the high prices: the fact that vastly higher oil profits are also enriching and enabling our enemies in the war against terrorism.