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Old 03-06-2008 | 12:09 PM
  #202  
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Lighteningspeed
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From: G550 Captain
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Originally Posted by ewrbasedpilot
Everyone still says it's okay to make a 10% profit, but what they can't explain is how the price of a bbl of oil has gone through the roof, yet the oil companies are STILL only making a 10% profit. Where is the rest of the money going? The price of oil is up over 50% in the past year or so, yet the margins are still only 10%? I don't believe for one moment that the cost of refining that oil has gone up that fast. Someone needs to start investigating what's going on before the whole USA house of cards comes tumbling down.
I am with you there. Any corporation can claim they only make 10% net profit if they write off 90% as expenses and overhead costs. They just have clever accountants. Doesn't take a financial genius to see through that.
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