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Thread: Gas
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11-11-2005, 10:51 PM #7
C'mon...guys...
It's the oil industry! The same industry our good 'ol boy President Bush's family is still heavily involved in. What's the harm in that. I mean, really, shouldn't the oil industry return profits of 65% when other industry averages came in around 15%.
I'm not a math major but I am a CPA, so I seriously struggle reconciling the increase in cost per gallon, near $3 during the storms, and the subsequently issued third quarter profit releases.We consumers should be pissed off and take this issue up with our legislators. What the oil companies have done in, excuse the expression, the wake of the storms is absolutely unforgivable.
One wouldthat if the cause of the increase was increased costs due to the oil rigs in the gulf being incapacitated, then the increase in costs would be offset by the increase in prices to us consumers. No? It's elementary business math...and it doesn't tie.
Or is it, as President Bush would say, "fuzzy math"?
"I don't know, that's just my opinion. I could be wrong." Dennis Miller