"Greg Carr" wrote in message
news:geli24h2l8fk44qksaqovv9qajau159n3f@4ax.com...
> On Sun, 4 May 2008 22:23:23 -0700, "CalifBill"
> wrote:
>
>>
>>"Father Guido" wrote in message
>>news:2oaq149sf82ojvfm8irsp4pq60l0drta8s@4ax.com...
>>> On Wed, 30 Apr 2008 16:56:40 GMT, 20April <20April@xmail.com> wrote:
>>>
>>>>Media across Canada are moaning that this year will see a drastic drop
>>>>in
>>>>tourism, caused by the obscene gas prices in communist Canada.
>>>>
>>>>With the oil companies recording their highest profits in history - in
>>>>BILLIONS, places such as Alberta Canada, and even Ontariario
>>>>deserve to have their tourism industry go down the toilet, with no
>>>>tourists
>>>>prepared to get ripped off for $5 gallon gasoline!!
>>>>
>>>>The malls will be mainly vacant, since the tourists, and even locals,
>>>>will
>>>>not
>>>>be able to afford the gas for their RVs and motorhomes, or even for the
>>>>cars!
>>>>
>>> If the price of Oil doubles, why do the Oil companies make more
>>> profit? It's just the base cost of their product. If gasoline prices
>>> should go up 10¢ a litre they raise them 15¢ a litre -- otherwise how
>>> do they make more profit just because the price of Oil goes up?
>>
>>Their refining profits are not increasing. Fact is they are not very good
>>ROI. Overall they run on an about 8% ROI, on the low side for most large
>>business. Citigroup, etc. use to run on about 34% profit. The oil
>>companies make more money from the price of a barrel of crude, that they
>>own
>>in the ground going up. When you sell your house, ar you going to sell
>>for
>>what you paid for it, as the 400% increase in price is too much?
>
> http://moneycentral.msn.com/investor/invsub/results/statemnt.aspx?Symbol=xom&lstStatement=Balance&stmtView=Ann
>
> Exxon ends up after paying over 29 billion in taxes at a 10% rate of
> return which is quite nice.
>>
>
And you get 5% putting money in a bank. No work required. And their plant
and physical assets are $120,000,000,000. Citigroup made 35% profit before
the mortgage meltdown. If you think you could do gas better and cheaper
build a company and get-r-done.
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