"OneTwoThree" wrote in
:


"George Grapman" wrote in message
. net...
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.../04/02/MNU7VU2
17.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.


the story is sadly lacking in analysis. for example, is that 8.3 cents
the net profit? let's say it is. what was the net a year ago? two
years ago?

I am guessing but confident that the oil company net has no where near
increased at the rate that the retail price of gasoline has, or more
accurately, at the rate that the cost of a barrel of oil has.

Also,if total US fuel consumption rises,then profits will rise too.

More gas-sucking SUVs/PU trucks and hi-performance cars,more miles
driven(ALL vehicles),= more gas consumption.

Then include more oil burned for electric power.....

--
Jim Yanik
jyanik
at
kua.net