| Think I saw somewhere that the profit Big O is making is about 7-8% of gross--a totally reasonable percentage and not as high as many other companies. The total net is high because they are HUGE companies.
Why should Big O earn a profit? Well, most oil companies (in this country) are actually owned by PEOPLE (stockholders)--ordinary people who are saving their hard-earned money, maybe for retirement. Taking away "excess" profits is simple taking money out of those consumers pockets. What gives anyone the right to grab their money? Especially when the rise in prices is due to limited supply by OPEC, etc., lack of refining capacity here in this country, and our own greedy consumption of fuel--not exactly the oil companies fault.
Let's stop trying to point fingers and come up with solutions that are reasonably fair to everyone.
Last edited by melbrod; 05-13-2008 at 11:37 PM.
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