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Big Oil profit margins only 8.3 % on the dollar.....

June 9 2008 at 5:37 AM

  (Login FloridaPete)
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from IP address 68.159.101.70


Response to Re: Ben, I think if you re-read

Compare that to bottled water, about 200% profit margin. Sony has a 20% profit margin, we need to get Big Electronics & Big Water up on the Hill so we can drill them in front of the world about their profits.

It's Big Oil's profit as a monetary figure that is being raked over broken glass, not their margin. What everyone is forgetting is that Big Oil has to buy these barrels of oil at market cost, set by futures speculators on the commodity market. What congress needs to do is bring the Big Speculation to the Hill and ask them what the he11 they're thinking.



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"When buying and selling are controlled by legislation, the first things to be bought and sold are legislators." - P.J. O'Rourke


-Pete


 
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