Posted on 04/27/2006 9:52:05 AM PDT by VU4G10
The government makes 50 cents/gallon and the oil companies make 15 cents/gallon---and you blame the oil companies, not the govt who is doing the REAL GOUGING?
Amazing, absolutely amazing.
>>>I'm sorry, I don't like greed. You can argue political difference with me all day, I just don't like greed.
Please explain the difference between "greed" and "capitalism".>>>
Greed is word that can vary based on opinion. Capitalism is a system of finance. Would you like a dictionary?
I wish Exxon would blanket the airways and billboards with the amount of taxes paid by consumers. These companies need to go on the offensive against government. But alas, they can't because the government lawyers would be all over Exxon etc, for just "telling the truth." I absolutely despise the government's rape of our wealth. The Reps in Congress are below pond scum for their anti-capitalist stance. Damn them all.
I officially retract what I just said.
A 10 percent profit margin is all?
I have no beef with Exxon. It may be record profits, but the profit margin is so small nobody can say it is unfair.
I support the oil companies on this.
Hopefully, they will get people out to tell the media about the profit margin issue though or the general public will scream bloody murder like I did in my first post.
Whoa... Almost fell out of my chair.
>>>I have no beef with Exxon. It may be record profits, but the profit margin is so small nobody can say it is unfair. >>>
10% of 800 billion is still alot of damn money.
Did I miss the discussion of Exxon's profit margin percentages, or am I detecting inflammatory omission syndrome in the article?
Greedy? Give me a break--compared to the average US company, oil company profits are pathetic, not greedy!
If your car could run on 100% ethanol, you would be paying 50 cents/gallon more!! LOOK IT UP.
Yes, gas is CHEAP.
Just name one, ok?
Something else you won't learn from the media but can read about here:
http://home.businesswire.com/portal/site/exxonmobil/index.jsp?epi-content=GENERIC&newsId=20060427005574&ndmHsc=v2*A1072962000000*B1146168248000*C4102491599000*DgroupByDate*J2*N1001106&newsLang=en&beanID=2030803304&viewID=news_view
Of the 8.400 BILLION in profit, the Company earned $5.695 BILLION outside the United States!! In other words, about 68% of their profit was NOT earned in this country at all!!
So Exxon Mobil made about $5.7 Billion from outside the United States for their investors. So it looks like the Congressional idiots want to tax profit made in other countries!!
Memo to Congress, the Media and other Ignorant people out there: READ THE FREAKING REPORTS before making fools of yourselves!!
good points, however, when trying to reason with those consumed by ENVY, all the logic and facts will make little difference. Government is the biggest agent of theft the world has ever seen. Governments worldwide squander more wealth in one day than most companies will make in a 1000 years.
Exactly. XOM paid $23 billion in the corporate tax last year--but that never makes the headlines. How about headline showing how much in corporate taxes (in addition to the 50 cents/gallon at the pump) the govt gets?
but it's for the children...
Never mind the fact that we import 60% of our oil (and that percentage GROWS every year). Any country that imports 60% of its oil, has no right to complain about the price of gas. No right at all.
I am sorry, but record profits, while capitalism at its best and evidence of a strong free market, are also capitalism at its worst in this case. "Record Profits" is really a misnomer. If Exxon and Mobil were still two distinctly different companies you would have two companies making $18B in profits each, NOT anywhere near a record, and we'd be paying a bit more for gasoline because of duplication of effort in both companies. However, there wouldn't be any screaming about price gouging. If Starbucks were to purchase the next three largest oil companies, they would set a record for profits. Big deal! There isn't a businessman on the planet that would use the actual bottom line number on a P&L as a measure of the success of a company. I'd much prefer to invest my money in a company earning 20% than 9%. |
Believe thats 8.4/88.98=9.44%
It's just amazing.
Death Tax Scam: 18 Families Behind Multimillion-Dollar Deceptive Lobbying Campaign
http://www.freerepublic.com/focus/f-news/1621914/posts
The death tax is the one way to grab that person's portion of the national debt due upon their death IMO. 30 posted on 04/26/2006 12:43:52 PM CDT by A CA Guy
I used to think that this was a conservative site--with common sense, logic and informed reason prevailing well above sites like DU. But you would never know it by what some post on here...lol
>>>So the oil companies are being 'greedy' when they have a profit margin of 8% while the average US company has a profit margin in excess of 10%? What about the 15% profit margin in healthcare companies? Are they even GREEDIER? What about the 20% profit margin in drug companies? Are they even MORE GREEDY?
Greedy? Give me a break--compared to the average US company, oil company profits are pathetic, not greedy!>>>
8%, more like 10%. And 10% of 800 billion adds up to a whole lot more than 10% of 1 million.
But I can't seem to get that through most Freepers heads. OH well.
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