WOW! Gas Has Gotten Reasonable...
12-04-08, 12:37 PM
#31
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Mothers say 'do your homework before you watch TV'. Perhaps what they should be saying is 'do your homework before you believe everything you see on TV'.
12-04-08, 12:49 PM
#33
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My bad, it wasn't a jab at the OP, but more at the media. TX, sorry if you took it that way
On another note, deflation of prices can be a very bad thing too, and not just for oil.
On another note, deflation of prices can be a very bad thing too, and not just for oil.
12-04-08, 01:34 PM
#35
dont know who is in any position to say "reasonable" only the free market can decide that. $4/gallon was reasonable to some people (those who can afford it) definately not reasonable to those who had a hard time paying for it. Oil company profit margins were 10-13% at best. If someone is upset at this, dont ever eat at a restaurant, buy designer clothes, or buy a Porsche again.
I gas up once every 1.5-2 weeks, it affects me little.
I gas up once every 1.5-2 weeks, it affects me little.
12-04-08, 01:37 PM
#36
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dont know who is in any position to say "reasonable" only the free market can decide that. $4/gallon was reasonable to some people (those who can afford it) definately not reasonable to those who had a hard time paying for it. Oil company profit margins were 10-13% at best. If someone is upset at this, dont ever eat at a restaurant, buy designer clothes, or buy a Porsche again.
I gas up once every 1.5-2 weeks, it affects me little.
I gas up once every 1.5-2 weeks, it affects me little.
12-04-08, 01:48 PM
#37
Profit margins are meaningless. If I run a company that makes $100K a year, and company's expenses are lets say 10K a year, and I make my salary 89K, then my company has 1% profit margin. But if I make my salary 10K, then companys profit margin is 80%.
The oil companies 10-13% profit margin is after the CEO's take out billion dollar bonuses, etc.
The oil companies 10-13% profit margin is after the CEO's take out billion dollar bonuses, etc.
12-04-08, 03:20 PM
#39
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Profit margins are meaningless. If I run a company that makes $100K a year, and company's expenses are lets say 10K a year, and I make my salary 89K, then my company has 1% profit margin. But if I make my salary 10K, then companys profit margin is 80%.
The oil companies 10-13% profit margin is after the CEO's take out billion dollar bonuses, etc.
The oil companies 10-13% profit margin is after the CEO's take out billion dollar bonuses, etc.
There should not be even 1 defender of these vampires unless:
A. You are wealthy.
B. You are employeed at the executive level of said oil co's.
12-04-08, 05:08 PM
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12-04-08, 05:12 PM
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Profit margins are meaningless. If I run a company that makes $100K a year, and company's expenses are lets say 10K a year, and I make my salary 89K, then my company has 1% profit margin. But if I make my salary 10K, then companys profit margin is 80%.
The oil companies 10-13% profit margin is after the CEO's take out billion dollar bonuses, etc.
The oil companies 10-13% profit margin is after the CEO's take out billion dollar bonuses, etc.
12-04-08, 05:15 PM
#43
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If you were selling a product or service, wouldn't you want to maximize your return?
12-04-08, 06:13 PM
#44
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Yall are acting like Oil companies are never profitable. Of course they became more profitable as prices rose and demand rose.
So let me get this right. If you own a business, selling a commodity that is in high demand and prices are raised and demand continues to grow, you are going to DROP prices?
WTF?
Its clear the oil companies had marginal influence on oil prices. Its now $43 a barrel if you haven't heard. They will still be profitable, just not as much.
Why the hell are we mad at people running a good business and rewarding those that fail?
So let me get this right. If you own a business, selling a commodity that is in high demand and prices are raised and demand continues to grow, you are going to DROP prices?
WTF?
Its clear the oil companies had marginal influence on oil prices. Its now $43 a barrel if you haven't heard. They will still be profitable, just not as much.
Why the hell are we mad at people running a good business and rewarding those that fail?
