Oil Companies Make Record Profits? - KFDA - NewsChannel 10 / Amarillo News, Weather, Sports

Oil Companies Make Record Profits?

I have seen at least 2 stories on KFDA regarding the reason gas
prices are so high. You have reported on the high price of crude oil;
however you have failed, once again, to mention that the oil companies
continue to report record profits. In fact, Valero, in Moore County, has
recorded it's 13th consecutive quarter of record profits for the first
quarter of 2008. Why do you not cover this in your reports? Also,
something that is never mentioned, is that gas and diesel are bi-products
of refining crude oil. Why is it never mentioned that we are paying
nearly $4.00 a gallon for a bi-product? Please report the whole story,
not just the talking points handed out by the White House.

Erika Myers
Amarillo, TX

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