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!  |
Id hate to say it but this sort of attitude is what is killing America. Why does nobody understands how a percentage works? Oil companies made like an average 10% profit last year i believe. Dominos makes like a 12% profit... They are only making record amounts in dollars because we are using gas at record rates. Its not like there is one guy sitting behind a desk raising prices and raking in dump truck loads of cash. Its the same with any other business. Driving and gas arent privileges they are a product. On another, less related note, look at what a company like shell pays in taxes vs what they make as a profit. 10% profit? 40% income tax. So where do you think your money is going when gas prices are high?