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Originally Posted by firstdown  Profit margine is incorporates all asspects of their business. I'm sure they loose money in some areas and make larger profits in others. The bottom line is they make around 8 cents on the dollar. |
It's actually around $.10 every year. Doesn't invalidate your point - just being accurate. The point is that the oil companies are maintaining their profit margins because we, as a society, have created a demand that allows them to maintain those margins. It is a bit of a cartel, since there are no alternatives presently.
http://www.qando.net/ - More on Exxon Oil Industry Seeks to Cast Huge Profits as No Big Deal