Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: MNJohnnie
The 10 cents @ gallon profit margin is a bit misleading because it doesn’t take into consideration that the oil industry actually owns/operates all or most levels of gasoline production, so they actually are getting a profit cut at each level, from the well, to the “wholesale” level, to the refinery, to the distributors, etc.

But I won't deny that the government is taking the lion's share.

1,728 posted on 06/05/2007 10:05:33 PM PDT by TheBattman (I've got TWO QUESTIONS for you....)
[ Post Reply | Private Reply | To 668 | View Replies ]


To: TheBattman
Most of the world's oil is owned by national oil companies not Big Oil.
1,786 posted on 06/06/2007 4:10:50 AM PDT by kabar
[ Post Reply | Private Reply | To 1728 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson