Is there another way to measure profit?[/QUOTE]
There must be for you socialists as you contnue to believe 9% profit is being "bent over".
Why aren't there more companies flocking to get into the oil business if the margin is so "outrageously high"?
Is there another way to measure profit?
There must be for you socialists as you contnue to believe 9% profit is being "bent over".
Why aren't there more companies flocking to get into the oil business if the margin is so "outrageously high"?[/QUOTE]
Use your head for a chage.
Exxons profit increased 56% between 04 and 06
Chevron 29%
Conoca/Phillips 91%
Marathon 315%
Don't be a dullard Schiada
It's not about margin it's about net profit.
9% on 500 billion is being bent over.
There must be for you socialists as you contnue to believe 9% profit is being "bent over".
Why aren't there more companies flocking to get into the oil business if the margin is so "outrageously high"?
Use your head for a chage.
Exxons profit increased 56% between 04 and 06
Chevron 29%
Conoca/Phillips 91%
Marathon 315%
Don't be a dullard Schiada
It's not about margin it's about net profit.
9% on 500 billion is being bent over.[/QUOTE]
It is absolutely about the margin! Have you ever taken an economics class? The amount at the end is irrelevent(for the sake of this argument), all business operates with a margin approach. You stated 4 -5 % for your industry. I'm sorry, but I don't buy that for a second. If that was the case, why open the doors at all? You can get that with just about any investment right now, and not have to deal with employees, overhead, etc. I drive an F250 deisel everyday for work and pleasure, and I'm by no means a baller, but the last thing I want anyone doing is deciding for society what an appropriate profit and wage is for me! If people do not want to pay my rate, they simply will not hire me. You have a choice with the oil companies, buy an all electric car. Buy a hybrid. Ride a bike. Use public transportation. You do not have to buy their product if you do not want to! Now I do see one major problem with that scenario. The boat would have to go away, unless your into sail boats!
There must be for you socialists as you contnue to believe 9% profit is being "bent over".
Why aren't there more companies flocking to get into the oil business if the margin is so "outrageously high"?
Use your head for a chage.
Exxons profit increased 56% between 04 and 06
Chevron 29%
Conoca/Phillips 91%
Marathon 315%
Don't be a dullard Schiada
It's not about margin it's about net profit.
9% on 500 billion is being bent over.[/QUOTE]
No, you're wrong, it is about margin.
Private business doesn't owe you socialists anything.
You do realize, adjusted for inflation, gas prices aren't really outrageously high don't you?
Why aren't you whining about Microsoft "bending you over"?
Better yet why aren't you whining about the government bending you over on a gallon of gas?
There must be for you socialists as you contnue to believe 9% profit is being "bent over".
Why aren't there more companies flocking to get into the oil business if the margin is so "outrageously high"?
Use your head for a chage.
Exxons profit increased 56% between 04 and 06
Chevron 29%
Conoca/Phillips 91%
Marathon 315%
Don't be a dullard Schiada
It's not about margin it's about net profit.
9% on 500 billion is being bent over.
Rather than resorting to your namecalling which you always point out from "everyone else",why not explain these numbers you've posted.
"Increased profits" is a meaningless term unless there is an expalantion of profit vs cost.
Margins are meaningless?????
Are we assuming that Marathon is making 315% Net Profit????????
As to your ongoing soapbox about what everyone drives, please expalin how I can pull a trailer and get 4-5 grown adults in a compact car, both required to do business???????
My daughter drives a Chevy Suburban and hauls 4 kids throughout their daily routine plus hauls merchandise for their business. Please explain how she can accomplish this with a minvan other than making extra trips.
Your rhetoric is argumentative and composed mainly of liberal talking points, not realistic situations. Most folks if possible will drive smaller, economic vehicles if they are practical, but for most it makes no sense to have 3-4 vehicles to perform specific purposes. You yourself have 2 vehicles as I understand it, is this practical for everyone? What kind of economic savings would there be if each person had 2-3 vehicles to use for specific purposes? The argument makes just as much sense or lack of as what you've preached to us several posts back.
Use your head for a chage.
Exxons profit increased 56% between 04 and 06
Chevron 29%
Conoca/Phillips 91%
Marathon 315%
Don't be a dullard Schiada
It's not about margin it's about net profit.
9% on 500 billion is being bent over.
It is absolutely about the margin! Have you ever taken an economics class? The amount at the end is irrelevent(for the sake of this argument), all business operates with a margin approach. You stated 4 -5 % for your industry. I'm sorry, but I don't buy that for a second. If that was the case, why open the doors at all? You can get that with just about any investment right now, and not have to deal with employees, overhead, etc. I drive an F250 deisel everyday for work and pleasure, and I'm by no means a baller, but the last thing I want anyone doing is deciding for society what an appropriate profit and wage is for me! If people do not want to pay my rate, they simply will not hire me. You have a choice with the oil companies, buy an all electric car. Buy a hybrid. Ride a bike. Use public transportation. You do not have to buy their product if you do not want to! Now I do see one major problem with that scenario. The boat would have to go away, unless your into sail boats!
Sorry Charlie but you have no idea what you are talking about with regard to the business I am in. If we sell 150 million in gross saless means 7.5 million i profit. Where I come from, that's a substancial profit. Please Charlie. we are not talking about profit margins from small business. There is a difference.
You are referring to investment income and not profiet from gross sales. Our company does invest 150 million to make 5% or 7.5 million, it sells 150 million in product. Charlie, I am not going to give you sh*t for your comments, but lord knows I could.
Profit margins decrease with the increase of gross sales increase. Have none of you folks heard of volume sales? 10% net profit on gross sales of 500 billions is outrageous, just like 15% net profit on gross sales of 150 million in my business would be outrageous. Why should auto insurance companies be allowed to charge unreasonable premiums for something that is required by law. They shouldn't be allowed and they are not. I don't see any difference
Gasoline like insurance, electricity and water are not luxury items and as such, profits from such business should be regulated. IMO, there is little difference between the issue here and your local power company charging $500 a month for a small residence.
Gasoline like insurance, electricity and water are not luxury items and as such, profits from such business should be regulated.
I'm glad you finally came out of the closet and put your commie crap right out here in the open. Modern revolutionary, indeed!
CC
Sorry Charlie but you have no idea what you are talking about with regard to the business I am in. If we sell 150 million in gross saless means 7.5 million i profit. Where I come from, that's a substancial profit. Please Charlie. we are not talking about profit margins from small business. There is a difference.
You are referring to investment income and not profiet from gross sales. Our company does invest 150 million to make 5% or 7.5 million, it sells 150 million in product. Charlie, I am not going to give you sh*t for your comments, but lord knows I could.
Profit margins decrease with the increase of gross sales increase. Have none of you folks heard of volume sales? 10% net profit on gross sales of 500 billions is outrageous, just like 15% net profit on gross sales of 150 million in my business would be outrageous. Why should auto insurance companies be allowed to charge unreasonable premiums for something that is required by law. They shouldn't be allowed and they are not. I don't see any difference
Gasoline like insurance, electricity and water are not luxury items and as such, profits from such business should be regulated. IMO, there is little difference between the issue here and your local power company charging $500 a month for a small residence.
Thank God you have nothing to do with running a business other than whatever it is you claim to do. The above statement is utterly ridiculous as it applies to business outside of the realm in which you exist.
I sure hope for your sake the owners or board of directors of "Acme Insurance" or whatever your company is, don't read ***boat PRF. If so you will be soon kicking a can down the highway....
Gotta go, I have an afternoon of sales calls and I guarantee they aren't based on the "Ultra Business Plan".....
Again, Amazing, simply Amazing..........
I'm glad you finally came out of the closet and put your commie crap right out here in the open. Modern revolutionary, indeed!
CC
The man is a piece of work indeed........
CC, you've struck the nail directly on the head. Socialism LIVES.....It's called Liberalism and it's a diease. Many Libs like our buddy are in denial, but it's there.
It is absolutely about the margin! Have you ever taken an economics class? The amount at the end is irrelevent(for the sake of this argument), all business operates with a margin approach. You stated 4 -5 % for your industry. I'm sorry, but I don't buy that for a second. If that was the case, why open the doors at all? You can get that with just about any investment right now, and not have to deal with employees, overhead, etc. I drive an F250 deisel everyday for work and pleasure, and I'm by no means a baller, but the last thing I want anyone doing is deciding for society what an appropriate profit and wage is for me! If people do not want to pay my rate, they simply will not hire me. You have a choice with the oil companies, buy an all electric car. Buy a hybrid. Ride a bike. Use public transportation. You do not have to buy their product if you do not want to! Now I do see one major problem with that scenario. The boat would have to go away, unless your into sail boats!
Sorry Charlie but you have no idea what you are talking about with regard to the business I am in. If we sell 150 million in gross saless means 7.5 million i profit. Where I come from, that's a substancial profit. Please Charlie. we are not talking about profit margins from small business. There is a difference.
You are referring to investment income and not profiet from gross sales. Our company does invest 150 million to make 5% or 7.5 million, it sells 150 million in product. Charlie, I am not going to give you sh*t for your comments, but lord knows I could.
Profit margins decrease with the increase of gross sales increase. Have none of you folks heard of volume sales? 10% net profit on gross sales of 500 billions is outrageous, just like 15% net profit on gross sales of 150 million in my business would be outrageous. Why should auto insurance companies be allowed to charge unreasonable premiums for something that is required by law. They shouldn't be allowed and they are not. I don't see any difference
Gasoline like insurance, electricity and water are not luxury items and as such, profits from such business should be regulated. IMO, there is little difference between the issue here and your local power company charging $500 a month for a small residence.[/QUOTE]
Actually Ultra, give me all the xxit you want. I have a thick skin and I do know what I'm talking about. Actually, I know what the model is for most insurance companies as well. The Insurance industry is a major investor, on many of the casinos, that I work on. They are not investing(as you state) at a six percent rate!. As far as your example of margins going down with the increase of gross sales, that completely depends on the curve a particular business operates on. There are so many factors with that curve it isn't even funny. Despite your belief, not every company drops their margin with the increase in sales. Market conditions depict that.
Now, getting back to the original argument of fuel(that was the original thing right), should we reduce our use of foreign resources? That depends, from a strategic point of view, no. Use your adversaries resources before your own, thats a simple strategy of power. Should fuel economy be better, absolutely! The public can change that. As soon as people stop buying products that use excessive amounts of fuel(you and I included), the auto industry will raise the standards. Its a slippery slope when you let public sentiment dictate the profitibality of private industry.
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