its this , its that, no wait its the traders,the weather,.........wonder why we pay so much for gas?
EXON OIL making $1,500 dollars per Second....
by chrisjoel 6 Replies latest jw friends
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mkr32208
its obsene isn't it!
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Satanus
When the oil industry got established, it was a monopoly called standard oil. The bastard that owned it had used all kinds of tactics to wipe out or amalgamate the other fledgling oil companies. The govt stepped in and broke up standard oil. Looks like we have another defacto monopoly, this time w the bush govt's coddling.
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oompa
I wish they made $3000.00 a second....if gas was $1.25 per gallon.................oompa
they are a huge company that sell LOTS of product, and at a fair profit...I only wish I owned a ton of their stock
they are also very far from being a monolopy....too bad they have not been allowed to open a single oil refinery in over 30 years now
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Fangorn
Yeah, and their margin is only 10% which is way less than many companies, the gross numbers don't mean a damn thing except to the financially ignorant. It's also interesting that their taxes amount to 50% of all the income tax paid in the country. I think they're doing their part.
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JeffT
And US Government spending is $22,000 per household. At least with Exxon you can decide to buy gas from somebody else, or walk or whatever.
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TweetieBird
but how much are they spending...there is a different between profit and profit margin.