Quote:
Originally Posted by PursuitOfHappinessParty
I've seen absolutely nothing to make me agree.
Exxon mobil earned $10.9 billion during the first quarter, up 17% from a year ago. That would be a profit to sales of around 10%.
$93 Average price of a barrel of oil sold by Exxon in the first quarter.
$55 Average price for the same period a year ago.
These aren't sneakers we're talking about, it's the lifeblood of our modern society.
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So... What's wrong with profit to sales of around 10%? If you wish to complain about the cost of oil per barrel, complain to the US Fed who prints money non stop recently... And also Chinese and Indian Joe Sixpacks who want a better life for themselves...