why does congress want to look into"spygate"?

[firstdown]

Originally Posted by Giantone

Hold hearings on why were paying $4 dollars for gas and EXXON has a 10 BILLON dollar profit...........for a fricking quarter! Profit ...thats after they pay for drilling,taxes and exploration!

Its called profit margin. They make about 8 cents on every dollar they spend. So if they spent $1 for a gallon of gas in 2000 they made 8 cents now if they spend $2 they make .16 cents. Their profit margin has not changed.

[Giantone]

Originally Posted by firstdown

Its called profit margin. They make about 8 cents on every dollar they spend. So if they spent $1 for a gallon of gas in 2000 they made 8 cents now if they spend $2 they make .16 cents. Their profit margin has not changed.

Ok,so you honestly believe they only make 8 cents on the dollar for a gallon of gas?What do you believe is there profit on the rest of the barrel of oil?

[firstdown]

Originally Posted by Giantone

Ok,so you honestly believe they only make 8 cents on the dollar for a gallon of gas?What do you believe is there profit on the rest of the barrel of oil?

Profit margine is incorporates all asspects of their business. I'm sure they loose money in some areas and make larger profits in others. The bottom line is they make around 8 cents on the dollar.

[onlydarksets]

Originally Posted by firstdown

Profit margine is incorporates all asspects of their business. I'm sure they loose money in some areas and make larger profits in others. The bottom line is they make around 8 cents on the dollar.

It's actually around $.10 every year. Doesn't invalidate your point - just being accurate. The point is that the oil companies are maintaining their profit margins because we, as a society, have created a demand that allows them to maintain those margins. It is a bit of a cartel, since there are no alternatives presently.

http://www.qando.net/ - More on Exxon
Oil Industry Seeks to Cast Huge Profits as No Big Deal