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Old 09-08-2008, 11:26 AM   #1
jjchieffan jjchieffan is offline
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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
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Old 09-08-2008, 11:30 AM   #2
Bugeater Bugeater is offline
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Originally Posted by jjchieffan View Post
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.
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Old 09-08-2008, 11:36 AM   #3
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Quote:
Originally Posted by jjchieffan View Post
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:
Attached Thumbnails
Click image for larger version Name: enlarged_industry_earnings.jpg Views: 422 Size: 49.3 KB ID: 81114  
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