Thread: News Donger on Suicide Watch: Oil Nears $100 a Barrel
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Old 09-08-2008, 11:21 AM   #110
Donger Donger is offline
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Quote:
Originally Posted by jjchieffan View Post
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%?
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