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Re: Good thing you guys still have Clinton...

I hate paying $3/gallon as much as the rest of you. The $36 billion (actually a little over $37bln in '06) that Exxon earned came on revenues of about $377 billion--a profit of about 10%. I know a lot of companies that wouldn't be very happy with 10%? To put this into perspective, Citigroup, Microsoft, and I think some of the drug companies typically see profits in the 25%-35% range. Besides that, the oil companies do not come out with a price sheet every Monday morning for a barrel of crude. The price of oil and gas is high more as a result of speculation than supply and demand. Traders set the price on the open market.
This is CABL.com posting #193457. Tiny Link: cabl.co/mYur
Posted in reply to: Re: Good thing you guys still have Clinton... by sab3r
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