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***What is interesting is that the averaged profit made by oil companies when compared to all other industries combined when expressed as a percentage is about the same at 5.5%.***
Tom, ya reading comics again ?
Read some more comics & will they tell you why prices per gallon go up & down in the same week by 15 to 20 cents.
***Its more like 18-20% and I assume you spend more in interest that you do in gas.***
Wrong, that word assume gets a lot of people in trouble.
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Look, I don't make this stuff up that's why I provided links so you too could look into the facts. Believe what you want, because I honestly don't care, I do it more to help improve the often myopic view many people tend to have. I just prefer to back up my statements with at least one published reference and I tend not to reference the comics.
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Sure, but the oil company also didn't give me a loan so I can buy a house and a car - so I can buy gas <_< . And interest rates have been pretty freakn' low over the past couple of years.
That's a crock! Yeah, I also feel bad for the Yankees who reported a loss over the past few years. Or like saying many people in non-profits aren't earning huge salaries. :rolleyes:
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Banks don’t give you loans, they sell you loans just like oil companies sell you gas. My point is their profit margin (depending on how it's calculated) is almost 2-4 times greater than the oil companies, but I don’t hear anybody bitchin’ about it.