If the morons, like Bernie, understood how to read the balance shoot and annual reports for public companies they would realize the huge corporate profits are because the companies are huge, not their profit margins, operating margins, EBITDA, or any other performance metric.
If you want to compare the margins for Exxon Mobil and JP Morgan….the outrage would not be on oil companies. Toss Microsoft into the mix…and the oil companies would fade into the distance.
Oh, yes. It is a common trope for the Left to demonize oil companies for high consumer prices, but when you look at the where those high consumer prices come from, it turns out they are not excessive at all.
What we find DOES dramatically increase consumer fuel prices are federal and state taxes.
This is an old analysis, but I have heard that newer analyses show an even more dramatic disparity:
