Friday, December 18, 2009

Historical profits by oil and gas companies like (BP, Exxon Moblie and Chevron) are justified?

Yes, in fact the profit margin, which has historically run less than 10% is less than your local bank. The margin is so low that it is no surprise the oil companies are not investing in increasing their capacity.





What needs to happen is to nationalize the oil companies like Chavez did in Venezuela that way we could enjoy double digit inflation, and devaluation of our currency that is happening there.Historical profits by oil and gas companies like (BP, Exxon Moblie and Chevron) are justified?
Its good when a private business can make a profit. Why go into business if you can't make any profit?? Good for them...


When A business's profits are controlled by the government, its a BAD thing. That is why we faught to defeat communism. That is the joy of being an american, we can control what we make $ based on our efforts.

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