Re: Renamed - The cost of fuel today
Originally Posted by cdia1960
OK I know they made record profits, but if your working on a set percentage, for you profit margin, and you have a record year, sell more product than you have ever sold at any other time in the past, and the product you have the highest input cost for the raw product you have ever had, thus raises the amount of dollars of profit on the set percentage.
is that greed?
if you are in business, (I assume you in it to make some money), say plumber, and your running a shop, and doing OK but just some where in the average range, according to the trade magazines, but you bid on a government contract, one year, and it turns out to multiply into a huge project, and for a few year period, you sell more than any body else and do more busness than any one else has ever done in the city, but your sill jsut making you few % per product, but your selling truck loads, and truck loads of this item, or job,
you have record profits, and have made the most you have ever made in your existence in busness,
OK the oil prices are now down, the consumption is down, but the % of product is more than likely still the same, and may even be below or becoming below the cost of operations,
are they greedy now?
Also who is big oil, yes I know there large world wide companies, but there also people like you and me, who have invested in there stock, and I bet when the price was going up and the stock was up and dividends were paying out, were you complaining?
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