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-   -   News Donger on Suicide Watch: Oil Nears $100 a Barrel (https://chiefsplanet.com/BB/showthread.php?t=190418)

Donger 09-08-2008 11:09 AM
Quote:
Originally Posted by GoBo (Post 4995237)
Well, they certainly don't care that fuel costs are affecting other companies profit margins...so what's the problem with him saying that?
Because he's getting hung up on the dollar figure and doesn't care about the profit margin percentage.

jjchieffan 09-08-2008 11:09 AM
Quote:
Originally Posted by Donger (Post 4995222)
Wow.
You are just going to pick part of what I said and respond wow? Man you are articulate Donger. Next thing you know you are going to pull a Jesse Jackson and start making words up to win your arguement.ROFL

You know what I meant by that. I know profit margin is important, but a company that has broken the record for profits by a US company 3 years in a row while their product is causing financial strain and excessive inflation in the US is bullshit! The greedy F***ers are robbing the American public.

Donger 09-08-2008 11:13 AM
Quote:
Originally Posted by jjchieffan (Post 4995248)
You are just going to pick part of what I said and respond wow? Man you are articulate Donger. Next thing you know you are going to pull a Jesse Jackson and start making words up to win your arguement.ROFL

You know what I meant by that. I know profit margin is important, but a company that has broken the record for profits by a US company 3 years in a row while their product is causing financial strain and excessive inflation in the US is bullshit! The greedy F***ers are robbing the American public.
What would you like them to do? Lower their profit margin?

jjchieffan 09-08-2008 11:19 AM
What was their profit Margin when oil was $40 a barrel? I think they were still getting filthy rich. So yes, I think a lower profit margin is needed. God forbid that next year they make $30 billion instead of $40 billion. Why that might just bankrupt them.

Donger 09-08-2008 11:21 AM
Quote:
Originally Posted by jjchieffan (Post 4995281)
What was their profit Margin when oil was $40 a barrel? I think they were still getting filthy rich. So yes, I think a lower profit margin is needed. God forbid that next year they make $30 billion instead of $40 billion. Why that might just bankrupt them.
About 9%, IIRC.

So, it doesn't bug you that banks have profit margins of around 20%? Google has 25%?

jjchieffan 09-08-2008 11:26 AM
I dont see googles profit margins having the negative effect on the economy that the record profits by oil companies is, so no, I don't have a problem with that. Bakns, you have not provided info to back that up, so I will not address it.

And I dont see how the profit margin has remained virtually the same when the price of oil has tripled, yet their cost has not. Sounds like someone is playing with the numbers

Bugeater 09-08-2008 11:30 AM
Quote:
Originally Posted by jjchieffan (Post 4995309)
And I dont see how the profit margin has remained virtually the same when the price of oil has tripled, yet their cost has not. Sounds like someone is playing with the numbers
Uh, sorry but you're contradicting yourself there. If the price of oil goes up their costs go right up with it.

jjchieffan 09-08-2008 11:33 AM
Why is their cost going up? They are the ones pumping it out of the ground. Their cost to get it out of the ground has not gone up. The price that they sell the oil for has tripled.

Donger 09-08-2008 11:36 AM
1 Attachment(s)
Quote:
Originally Posted by jjchieffan (Post 4995309)
I dont see googles profit margins having the negative effect on the economy that the record profits by oil companies is, so no, I don't have a problem with that. Bakns, you have not provided info to back that up, so I will not address it.

And I dont see how the profit margin has remained virtually the same when the price of oil has tripled, yet their cost has not. Sounds like someone is playing with the numbers
You are aware that the oil companies do not control the price of crude, yes?

Anyway, here's a chart that you'll enjoy:

Donger 09-08-2008 11:42 AM
Quote:
Originally Posted by jjchieffan (Post 4995323)
Why is their cost going up? They are the ones pumping it out of the ground. Their cost to get it out of the ground has not gone up. The price that they sell the oil for has tripled.
They refine more crude than they can produce. Therefore, they also buy crude on the open market.

Bugeater 09-08-2008 11:49 AM
I suppose we should be outraged at that profit margin for pharmaceuticals and medicines seeing that could be considered a necessity and have a negative effect on the economy. I wonder where the healthcare industry as a whole would fall into that graph...

BigCatDaddy 09-16-2008 11:25 AM
$93 and falling. Come on down!

Goapics1 09-16-2008 11:32 AM
Quote:
Originally Posted by BigCatDaddy (Post 5025116)
$93 and falling. Come on down!
Donger will be here in a few to tell us why gas is still above $4/gallon. He must own a gas station or something.

jiveturkey 09-16-2008 11:48 AM
Quote:
Originally Posted by apics1 (Post 5025141)
Donger will be here in a few to tell us why gas is still above $4/gallon. He must own a gas station or something.
Ha, Donger sucks!

Donger 09-16-2008 12:37 PM
Quote:
Originally Posted by apics1 (Post 5025141)
Donger will be here in a few to tell us why gas is still above $4/gallon. He must own a gas station or something.
It isn't above $4.00/gallon.


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