Quote:
Originally Posted by edpontiac91
When I look at the profit they made for last year and the quarterly profits that were the most EVER made by any company, I tend to get a "LITTLE CYNICAL". Maybe their profits are in line with other businesses, but when you talk BILLIONS of dollars compared with other companies, I do think it has to do with some amount of greed and it is the one stock to buy because NOW it's the season to start upping the ante. To hell with economy and the unemployment rate, there's money to made in oil and they KNOW IT!  |
Its not so much about the amount that is coming in, its profit percentage. There is a lot of money spent before the oil gets to the pump, and there are a lot of employees; skilled, trained employees at that. The oil companies don't set the price for a barrel of oil, they are just a middle man..the same as the guys that pump the gas.