http://news.yahoo.com/s/ap/20080429/ap_on_bi_ge/earns_oil
Again.
Not a surprise, is it? They’ve been raising their prices steadily and demand continues to grow. It would take movie studio accounting shenanigans to result in anything aside from growing profits.
U.S. demand is dropping. My take on it is either massive speculation, or big oil trying to make hay while the sun shines (i.e. before November).