Oil Dividend

N/A | 7/18/05 | Me

[Archangelsk]

Want to get the Plame and DSM issue off of the national radar, Mr. President? Pressure the oil companies to start funneling their obscene profits - profits so huge that the senior executives are complaining about their inability to spend it - into rolling the price of gas back to $1.25/gallon. Either that or declare a moratorium on the federal gas tax and encourage the states to do the same.

Just a suggestion.

[The_Victor]

What business is a company's profit of the Government?

Perhaps you'd like to return to the Carter Administration's "Windfall Profits Tax."

[Lunatic Fringe]

Supply and Demand, sir.

[Archangelsk]

Have fun paying $3.50 a gallon then.

[Archangelsk]

What's the word in the middle of the poop storm that is the Plame affair that I'm thinking of? Oh, yeah, stragerty. Put the sheep back to sleep and the issue goes away.

[rhombus]

Want to get the Plame and DSM issue off of the national radar, Mr. President?

Why ever would he want to do that? Only saps believe there is a scandal here and it keeps them busy being...well, saps.

[Smartaleck]

Perhaps you'd better spend your time buying oil stocks?

[tnlibertarian]

Please define, objectively, 'obscene' profits.
Let me guess. Obscene profits: Profits I think are high and are made by someone else.

[Flyer]

obscene profits

Which profits are obscene and which are not.

[bmwcyle]

Wages and price controls don't work. The answer still is free market. History teaches that lesson over and over.

[tnlibertarian]

12 seconds :)

[neutrino]

It appears you have not been told what's coming.

I suggest you google the term "peak oil".

And get ready for $3.00 per gallon. Soon.

[The_Victor]

Oh, yeah, stragerty. Put the sheep back to sleep and the issue goes away.

So, vilifying a profitable industry is good political strategy? How conservative is that?

[Willie Green]

How about building some nukes and electricly powered high-speed rail, light rail and maglev systems?

[Redleg Duke]

Got a tinfoil hat one size too small, I see.

[Flyer]

If I buy a product for $1.00 and mark it up 3%, I have a gross profit of $0.03

If the cost of that product rises to $2.00 and I stick to my 3% markup, I have a gross profit of $0.06

Is that wrong? Should I lower my margin just because the cost of my product goes up?

[Flyer]

I need to type faster!

[Betaille]

Ever heard of supply and demand? What you are suggesting was tried in the 1970's and led to massive shortages. Read "Free to Choose" by Milton Friedman.

[KenD]

Well, I suppose if we can get Wall Street to judge business performance in terms of the absolute magnitudes of the numbers INSTEAD of on the percentages then it might be fair.

But, as the previous posters implies, prices are set using a percentage 'mark up'. If the oil companies REDUCED their profit as a percentage of revenue, their stock prices would head straight down the toilet.

[Betaille]

LOL... ahh, should have known Willie Green would be on here. Wherever there is economic fallacy, there is Willie Green.