Oil Companies' 2011 Profits Hit $100,000,000,000

Think Progress reports that the profits of Big 5 oil companies (BP, ConocoPhillips, Chevron, ExxonMobil) for just the first three quarters (9 months) of 2011 has now exceeded $102 billion dollars. That's 12 figure profits, folks!

And of course these companies still receive (and most Congressional Republicans support) billions of dollars in federal tax subsidies and of course pay very little taxes on these profits.

Things that make you go hmmmmmmmmmm.