Posted on 05/24/2007 4:50:40 AM PDT by Kaslin
What we need to do is stop Congress from tax gouging
10% comes from when?
1998?
its not 1998 anymore.
refinery margins are at record highs
They are, but remember energy is not a high margin business like say, bottled water.
EOM made 10% profit last year (2006). They spent somewhere around $400 Billion to earn ~$40 Billion.
“WTF are you talking about?
the refinery markup is at least 75 cents?”
According to EIA, TOTAL refining COSTS & PROFITS amount to less than 20% a gallon.
Now if you are smarter than the EIA and know something they don’t;
please share your wisdom with us all.
to 43
a long time ago, refineries were a lot like a supermarket.
big sales, but thin margins.
no longer
the last time i looked, commodity-wholesale gasoline
was $2.30, 96.60 a barrel.
WTI was 65 a barrel.
do the effin math.
“What we need to do is stop Congress from tax gouging”
I am in complete agreement with that as well.
to post 44
EOM, ok, they made 40B
how much investment, did that take?
Well, if they spent $400B to earn $40B...
YOU wish to discuss rationality? LOL!
Not at all. EIA has the wisdom we need.
You are including COSTS in your number. My response was only concerning PROFITS.
I give up.
please tell me the number.
just for the record,
I don’t begrudge anyone making
10% ROI.
-—10% comes from when?
1998?
its not 1998 anymore.——
Perhaps you should update yourself with the costs associated in today’s petroleum market.
2006 ExxonMobil
$39.5B profit on $365.5B revenue, 10.8% profit
http://www.sec.gov/Archives/edgar/data/34088/000119312507042435/d10k.htm#fin59931_2
1st Quarter 2007 ExxonMobil
$9.2B profit on $87.2B revenue, 10.6% profit
http://library.corporate-ir.net/library/11/115/115024/items/242049/1Q07_Earnings_Press_Release.pdf
2006 ConocoPhilliops
$15.5B profit on $183.7B revenue, 8.4% profit
http://www.conocophillips.com/newsroom/news_releases/2007+News+Releases/012407.htm
1st Quarter 2007
ConocoPhilliops
$3.5B profit on $41.3B revenue, 8.6% profit
http://www.conocophillips.com/newsroom/news_releases/2007+News+Releases/042507.htm
The should start with the burdensome taxes levied at all gas using Americans.
There you go again with your pesky facts...knock it off, it’s not fair to the emotionally minded and their feelings
;->
PLEASE tell me the return-on-investment.
PLEASE
nobody cares about thruput,
the important numbers
are PROFIT, and INVESTMENT
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