My outrage is directed at those who are profiting the most, last time I checked it wasn’t congress and bush it was those posting record profits every quarter.
you think oil isn’t a fossil fuel...
where do you get all this misinformation?
“posting record profits?”
“record profits?”
you call less than 10% record profits?
It would take me the rest of the day to correct all the
mistakes you have made on just this one thread...
but you can start reading here.
Energy Kid’s Page
Petroleum(Oil) — A Fossil Fuel
http://www.eia.doe.gov/kids/energyfacts/sources/non-renewable/oil.html
Good day
Chevron
Net Profit Margin 8.02%
Return on Equity 25.41%
Exxon/Mobile
Net Profit Margin 9.72%
Return on Equity 35.59%
Microsoft
Net Profit Margin 28.33%
Return on Equity 45.28%
Oracle
Net Profit Margin 24.20%
Return on Equity 27.79%
Proctor & Gamble
Net Profit Margin 13.90%
Return on Equity 16.93%
Source: MSN Financial
Not sure what you are angry about or why. Oil companies financial performance is nothing that great compared to other successful US companies. Furthermore, all companies charge replacement value for products they sell, to do otherwise is foolish.
Yes, maybe the big guys are messing with the market/futures. Good luck catching them, and if you do so what? It seems the solution is to increase US based supplies of energy and simplify our markets. The problem is not Exxon-Mobile, the problem is the US Congress and the fascist environmental lobby.
schu