Quote:
Originally Posted by ewrbasedpilot
I want someone to explain how you go from a nice 10% profit at $60 a bbl last year to only a 10% profit when oil is over $100 a bbl less than a year later? I KNOW the refining costs didn't go up 70% in less than a year. Someone out there is making a LOT OF MONEY. 
BTW, Gulf Coast jet fuel closed at $156.93 today (up over $4 a bbl today). I guess China's needs for jet fuel must be going gangbusters. If this continues at this rate, we'll be out of oil by Christmas, possibly Thanksgiving................... |
I would like to know that too. Keep hearing that oil companies only make 10% profit. I guess oil industries assume if they say the samething over and over, it will brainwash all people into believing it.