Quote:
Originally Posted by spanky part 2
They may make .08 on a gallon of GAS. That is what they want fools like you to believe.
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And apparently what they want all their shareholders to believe since they put it out in their financial statements. Then again, I'm sure they are just making up all those numbers and committing securities fraud just to keep people on message boards from calling them out.
Quote:
Originally Posted by spanky part 2
Lets see the same parent company also owns the oil when it comes out of the ground which still costs the same as when it was $35 a barrel and they were making record profits then. Now that it is $140 a barrel, are they still making the same profit?
They also own the shipping company that brings the oil by boat to the US = more profit.
Then they own the trucking companies that bring it to the refinery. = more profit
Then they own the refineries = more profit.
Back to that same trucking company = more profit
Then they own the property that they lease out to the station owners, but they set the prices and how they set up the stores. If they don't follow the rules they are out. = more profit.
So you see mr. simple there is more to it than the gallon of gas.
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I was talking about gas, nothing else. They make 8 cents a gallon according to their financial statements. You can argue about all their other businesses, but the fact remains that the government earns more money from every gallon of gas sold than the oil companies.