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11/05/2008
The blob video hits the half-a-million mark.
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10/03/2008
The prosperity gospel and foreclosures.
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09/03/2008
Go watch it…Now!
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Oil Companies. They really only make about 9% profit on today’s oil prices. Intel makes around 20%. Microsoft makes around 30%. Apple makes even more on some products. Most industries make more profit than the oil industry as a whole.
But why isn’t anyone up in arms about these other industries profits? Why aren’t the politicians speaking the truth to the American people and letting them know that gas is still cheap and no price gouging is happening? And why don’t people realize they can offset the price of gas by buying oil stocks and making thousands of dollars while at it?
It all comes down to a simple principle of supply and demand. Not Price Gouging.
brian says...
Apr 26, 07:55 PM
Exxon made 36 billion dollars in profit last year. I think we need to look a little bigger. To put it into perspective, Exxon’s 2005 revenue ($371 billion) exceeded Saudi Arabia’s estimated 2005 gross domestic product ($340.5 billion). Their revenue grew over 72 billion dollars in 2005. It does sound awfully fishy.
Figures from: CBC News