"Dude, we gotta do something about the oil companies cuz they're like, raping the consumers. The government should, like, make them set more fair prices and stuff."
- Typical raging liberal.
"Dude, we gotta do something about the oil companies cuz they're like, raping the consumers. The government should, like, make them set more fair prices and stuff."
- Typical raging liberal.
Apparently Sen Obama is not in sinc with the rest of the dems on this one. So no lie. If you want I am sure we can bring up a bunch of quotes from dems saying things to support the OP as well as the idea dems want prices to be high and don't want to drill.
And have you seen his package? After he caps total emmissions and makes every one pay for what they put out the price will be so high that no one will want to drill anyway.
Well the article you posted, your source, said:
"The problem is that all these companies have no place to go to drill and no place to put their money,"
For those of you in Rio Linda, it means that they hold leases on land that is not that good and they want leases on land that is more promising.
Oil Profit Margins vs. Other Industries The Everyday Economist
From another site:
"Most financial institutions, such as commercial banks, are routinely more profitable than Exxon Mobil was in its third quarter. For example, Exxon Mobil's gross margin of 9.8 cents of profit for every dollar of revenue pales in comparison to Citigroup Inc.'s 15.7 cents in 2004. By percentage of total revenue, banking is consistently the most profitable industry in America, followed closely by the drug industry."
Oil Industry Seeks to Cast Huge Profits as No Big Deal
And even MSNBC:
Oil industry profits, salaries fuel outrage - Lisa Myers & the NBC News Investigative Unit - MSNBC.com
Look at the graph above. You will see that the average for all industries in this economy is about 6.5%.
Do you know what we call companies that don't make positive profits? "Storefronts for rent".
Because so many companies go out of business and the owners take a huge risk just by opening the doors we need to reward their willingness to put it all on the line by letting them make any profit they can as long as they do it legally. If they have broken any laws by all means prosecute them.
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