To: george76
4. At present gas prices, the major oil companies make a profit of between 10 cents and 12 cents a gallon...
Really? Then how are they taking in recored breaking profits year after year?
48 posted on
06/01/2007 4:11:41 PM PDT by
Grunthor
(I am a GREAT sinner but I have a GREATER Saviour.)
To: Grunthor
Then how are they taking in recored breaking profits year after year?Oil.
50 posted on
06/01/2007 4:17:59 PM PDT by
Toddsterpatriot
(Why are protectionists (and goldbugs) so dumb?)
To: Grunthor
Really? Then how are they taking in recored breaking profits year after year? Volume. Through the entire supply chain the petroleum industry keeps about 10% of sales as profit.
What does not make headlines is they are also paying record level taxes and investing record level amounts back into exploration and infrastructure.
77 posted on
06/02/2007 7:21:30 AM PDT by
thackney
(life is fragile, handle with prayer)
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