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VRWC Destruction Machine VRWC Destruction Machine is offline
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Default Oil chiefs say high prices not our fault

George Grapman wrote in crayon...

wrote:
On Wed, 2 Apr 2008 09:42:25 -0800, "SteveB"
wrote:

The oil companies make 8 cents a gallon. Various governments tax it over a
dollar a gallon. Do the math, you ****ing genius.



Bull****

http://www.gaspricewatch.com/usgastaxes.asp



http://www.sfgate.com/cgi-bin/articl.../MNU7VU217.DTL



The oil company executives contended that their record profits last year
were in line with other industries, noting that oil and gas companies
earned an average of 8.3 cents per dollar of sales, compared with 7.8
cents per dollar for the Dow Jones average.


For instance, in 2004 Exxon Mobil earned more money -- $25.33 billion
-- than any other company on the Fortune 500 list of largest
corporations. But by another measure of profitability, gross profit
margin, it ranked No. 127.
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