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Originally Posted by jp96stang
My company has profit margins of 25% so should it be regulated?
Shell for example posted quarterly profits of about 7.5 billion on about 110 billion in quarterly revenue.......thats just shy of 7%. No one would be bitching if they showed profits of 7.5 million on 110 million in revenues!!
Gale is right on the point. the value of the usd is what controls the price of oil.
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No one was crying for these oil companies when oil was $10 a barrel. Plenty of oil industry firms went bust. If you tax this, what is next? Do i-Phones really need to cost $600? Why not $200?