Quote:
Originally Posted by jjchieffan
I don't see your point. What difference does the amount of time it takes to make it a usable product have to do with the discussion? Corn takes about 100 days from planting to harvest, is that not a comparable time frame?
Secondly. The oil companies are recording record profits. If their margin is so low, you are going to have to back that claim up.
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Happy to:
The average net profit margin for the S&P Energy sector, according to figures from Thomson Baseline, is 9.7%. The average for the S&P 500 is 8.5%. So yes, energy companies are more profitable than many others...but not by an inordinate amount.
http://money.cnn.com/2008/04/29/mark...buzz/index.htm