Originally Posted by
ewrbasedpilot
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. S
It hasn't, at least not too much. The RAW MATERIAL (oil) has increased in price 50%. Which is why their finished product (gas) has increased.
The "rest of the money" is going to the Middle East to buy things like 24 kt. plated Rolls Royce's with platinum plated dub-twos.