Author: Nicholas Geti
Posted: 2011-04-27 at 10:58:57
ABC is a raving liberal firm. As I said in my other post, these liberals
wouldn't understand an accounting statement if it bit them. The cry
"obscene" but don't present any facts from the oil company financial
statements. I claim oil companies pay an "obscene" number of dollars in
taxes.
----- Original Message -----
From: "MB Software Solutions, LLC"
<mbsoftwaresolutions@mbsoftwaresolutions.com>
To: "ProFox Email List" <profox@leafe.com>
Sent: Tuesday, April 26, 2011 10:30 PM
Subject: Re: [OT] Obama's America
> On 4/26/2011 4:28 PM, Nicholas Geti wrote:
>> Give me a break. Who do you think is making fat profits from $4.00
>> gasoline?
>> And why do you think it is fat profits anyway? Europe pays a heck of a
>> lot
>> higher for gas than we do and they are not complaining about fat profits.
>> Just because you think prices are high doesn't make them obscene. It is
>> called free market. The American people can switch to small cars like in
>> Europe and solve the higher gas price problem. But no, people are still
>> buying the bigger cars and trucks.
>>
>> My guess is the ones making any profit are the commodities traders. Most
>> oil
>> companies hedge their bets by buying/selling oil contracts well into the
>> future. Any immediate spike in gas prices does not accrue to them.
>> Neither
>> do gas station operators make a profit; they have to buy gas at higher
>> wholesale prices. The state of Connecticut allows only a certain markup
>> over
>> wholesale so forget them. Truckers don't make any profit either plus
>> their
>> costs are going up.
>
>
> See the link I just sent:
>
>
> I guess you should tell these news folks that they're wrong to say
> "obscene" too?
>
>
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