Originally Posted by Donger
I only mention their profit margin when someone brings up oil company profits. It's just a fact. Sure, when they make a profit, it's huge because of the size of the market (you and me and everyone else that buys gasoline). But, there are plenty of other industries out there that make vastly higher PM.
I realize that high gasoline prices have an effect on most prices, thanks. Should the oil companies be selling gasoline below cost?
I don't care about other industries profit margin, mmmkay?. Maybe you didn't understand that in my previous post. No other industry has such a negative effect on the economy than the oil industry with rising prices.
They have a long ways to go before they sell it below cost. About 125B worth before they hit that point from last year alone.