May 20, 200818 yr That has more to do with the size of the companies than their profits. If the companies had not merged you would not be hearing about these record profits. Let's compare some profit margins of companies you probably know: Paychex Inc. 27.6% Luxottica 10.2% Royal Caribb. 10.6% WD-40 Co. 10.1% Nvidia 19.5% Canon 11.3% Western Union Co. 17.5% Jackson Hewitt Tax Service 17.2% Weight Watchers Int'l 14.6% Procter & Gamble 13.8% Colgate Palmolive 12.9% International Paper 13.8% Exxon Mobil 10.4% Chevron 8.0% BP 7.9% My point is that the amount of profit that the oil companies make is not at all unreasonable. In fact, it's necessary in order to keep people invested in them. Otherwise, they invest elsewhere. I see your point but with those other companies we either have other choices, don't have to use their product, or they have not raised their price at an unprecedented rate.
May 20, 200818 yr I see your point but with those other companies we either have other choices, don't have to use their product, or they have not raised their price at an unprecedented rate. Have to raise the price of gas when the price of oil is going up as much as it has.
May 20, 200818 yr I see your point but with those other companies we either have other choices, don't have to use their product, or they have not raised their price at an unprecedented rate. It really is a simple choice- either we pay the high prices, or the government sets a price ceiling, keeps the price low, but there will be a big time shortage of supply.
May 20, 200818 yr It really is a simple choice- either we pay the high prices, or the government sets a price ceiling, keeps the price low, but there will be a big time shortage of supply. There's always going to be a shortage.
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