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To: CMAC51
When oil co. profits are up over 400% it is profit driven.
Every time the price soars their profit soars, coincidence?
I don't think so.
We're not talking about everything.
We must drive and use gas so it's not like we can stop buying and drive the price down.
62 posted on 03/02/2004 8:48:06 AM PST by chuckwalla
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To: chuckwalla
When oil co. profits are up over 400% it is profit driven.

Another great sounding meaningless statement. Great emotional impact without any real economic meaning without providing a frame of reference.

If they were making $0.01 for every dollar invested and jumped it up to $0.04 per dollar that would be a soaring 400% increase. Unfortunately, I can't see any reason I would invest in a company that only returns $0.04 on the dollar. Now, tell me that oil companies are making 15% or 20% return for each dollar invested and I might start thinking they are making excess profit (and invest a few of my dollars in them as well)

So Mr. "Screaming so Loudly" what % are oil companies returning for each dollar invested?

101 posted on 03/02/2004 9:28:14 AM PST by CMAC51
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