PLEASE tell me the return-on-investment.
PLEASE
nobody cares about thruput,
the important numbers
are PROFIT, and INVESTMENT
Grease....oh, they are drunk on the Kool Aide....Milk, cookies and a pat on the head for everyone!!!!
I am discussing profit. When you look at ROI, make sure you look at a time span like a decade. 1998~99 was not that long ago. You don't get return on those investments for a long time in this industry.
Upstream, which is exploring, finding, and drilling for oil
Midstream, which is refining and pipelines
Downstream, which is actually branding and selling the gas at the station.
Exxon does all three. There has been big money in Upstream for the last 6 or 7 years. To look at whether or not there is gouging, you would want to look at downstream profits. They are just not very high. Gasoline marketing is in fact a very very competitive business.
That's not what your buddies in the MSM are bellowing daily...they are using only the dollar amount of profit...which anyone with even a small brain should understand the more raw dollar revenue the more raw dollar profit.