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Quasi 02-13-2008 04:52 PM

Where Is All the Oil Money Going?
"Inquiring minds might just be wondering where all the oil money is going. Let's take a look at the answer with a set of really amazing pictures."

billt 02-13-2008 06:22 PM

They have a valuable product, and they are selling it at what the market will bear. I'm failing to see how, "This is all Bush's fault"???? Gas is still cheap. I don't see anymore people walking or riding the bus than I did 10 years ago. Bill T.

Quasi 02-13-2008 06:48 PM

Gas is cheap by what measure? So, you won't think there's a problem until everyone is walking or riding the bus?

bkt 02-13-2008 08:43 PM

The Federal government makes more in taxes, which both "big oil" and the consumer pay, per gallon of fuel (diesel, gas, kerosene) than "big oil" makes in profits, yet assumes none of the risks, pays none of the overhead and does none of the legwork to create the product. So any animosity you have toward "big oil" should be directed with more gusto against the government.

If you want to reduce consumer cost, build more refineries and drill for more crude here in North America. Right now, we are at the mercy of other countries for our fuel.

(Side note: for the first time in history, we will be importing wheat to feed people because our genius government has promised subsidies to farmers who plant corn (rather than wheat) to make ethanol.


Thank you for your time.)

teknoid 02-13-2008 11:07 PM

If any other corporation had a RONA (Return on net assets) as low as "big oil" does, they'd fire the entire board of directors. Check it out sometime. The profit margin of the oil companies is less than 10%. I believe that is not only 1/3 what Microsoft earns, but less than AVON!

Oil companies do not dictate price, the market does. Politicians like to point fingers at the "BILLIONS IN PROFITS" the "EVIL BIG OIL COMPANIES" make. People with common sense know that when you sell more, profits go up. Economics 101.

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