Jesus says 'Drill it"
- Thread starter N8 v2.0
- Start date
funny that oil started dropping when bush started pushing for more off shore drilling huh?
i'll see your graph & raise it...
I remember sitting in my dad's Oldsmobile 88 waiting for hours for a tank of gas in the 70's. Detroit learned nothing when they had the chance. For a country that has invented almost everything that's great in the world, there's no need to open up any more land or even drill for one more barrel of oil.
I know you're trollboy, but inject a little common sense once in awhile.
I know you're trollboy, but inject a little common sense once in awhile.
as late as 1951 the US produced the majority of the world's oil... of that 44% was from Texas..
1971 it all changed.
Shame the oil companies into lowering prices? Funniest, and saddest, damn thing I've read this week.
http://freakonomics.blogs.nytimes.com/2008/07/29/the-gas-tax-and-the-new-economics-of-shame/?scp=1&sq=shame&st=cse
http://freakonomics.blogs.nytimes.com/2008/07/29/the-gas-tax-and-the-new-economics-of-shame/?scp=1&sq=shame&st=cse
Exxon makes 1500 bucks a second
http://money.cnn.com/2008/07/31/news/companies/exxon_profits/index.htm?cnn=yes
http://money.cnn.com/2008/07/31/news/companies/exxon_profits/index.htm?cnn=yes
Please, even you know it was Wall Street getting itchy more than GWB's pointless ban lifting that dropped prices.
Also, Obama said as long as environmental impact was limited, he MIGHT back drilling. A logical call knowing environmental impact will never be minimized, so drilling won't happen.
You do see that while the profit margin remains relatively consistent, the telling thing in your graph there is in the title: Earnings per dollar of sales.i'll see your graph & raise it...
So if gas costs $4 a gallon whereas it used to cost $2 a gallon, well at a consistent sales volume this would yield twice the number of dollars in sales.
So even though the margin does not change, the # of dollars does.
Double the dollars = Double the profits =
Also worth pointing out that a 9% profit margin on a commodity (especially of that volume) is extremely high. Biotech and automotive manufacturing run about a 2-3% profit margin in similarly high-investment and arguably higher-risk markets.
http://www.data360.org/dsg.aspx?Data_Set_Group_Id=498
Those profit margins are indicative of a monopoly, not a properly functioning competitive commodities market.
http://www.data360.org/dsg.aspx?Data_Set_Group_Id=498
Those profit margins are indicative of a monopoly, not a properly functioning competitive commodities market.
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I don't think you understand, the lines on the graph are clearly shorterYou do see that while the profit margin remains relatively consistent, the telling thing in your graph there is in the title: Earnings per dollar of sales.
So if gas costs $4 a gallon whereas it used to cost $2 a gallon, well at a consistent sales volume this would yield twice the number of dollars in sales.
So even though the margin does not change, the # of dollars does.
Double the dollars = Double the profits =
Free market hater!!!!
free to crush all competition and here the lamentations of their wom....