On Mon, 01 May 2006 10:16:42 -0400 "Roberto C. Sanchez" <[EMAIL PROTECTED]> wrote:
> - Please explain in simple, economically sound terms (using math), > *how* the oil companies are profiting hand over fist, at our expense > - I am not a bozo, I am knowledgable and well educated (about to > finish an M.S. in CompEng) and I voted for Bush, *gasp* even though I > *didn't* like him. Know why? Even though I didn't like him, he was > still better than the alternative. US $9,900,000,000 (billion) profits /by one oil company/ in one quarter when retail prices were skyrocketing. Does that seem like the oil cartel has the American interests at heart? From last October, here: http://www.msnbc.msn.com/id/9854784/ ------------------------------------------------------ By Anne Thompson Chief financial correspondent NBC News Updated: 7:20 p.m. ET Oct. 28, 2005 [...] NEW YORK - In a summer marked by hurricanes and $3 gasoline, the oil companies struck gold. Friday, Chevron joined the eye-popping profits parade. The nation's No. 2 oil company reported earnings of $3.6 billion. The totals only get bigger: Conoco Phillips made $3.8 billion, BP made $6.5 billion, Royal Dutch Shell made $9 billion and Exxon Mobil raked in a whopping $9.9 billion in just three months. “Exxon made more than any other company, as a matter of fact,” says Howard Silverblatt, a market equity analyst with Standard & Poor's. “Their profits by themselves were more than 492 companies made for the entire year within the S&P 500.” ------------------------------------------------------------ Something around 40 billion /in profit/ for 3 months. IS there nothing wrong with this picture? From http://www.globalresearch.ca/articles/TAL111A.html ----------------------------------------------------------- The Taliban, on several occasions, offered to turn over Osama bin Laden to a third country for trial, once the case against him was made known. The Bush administration rejected this outright, making no effort to explore that possibility or to negotiate. Would it not have been far more preferable to at least try that solution rather than proceeding to bomb, causing untold deaths of civilians, jeopardizing the lives of U.S. troops, alienating a large proportion of the world's population, and risking a wider world war? ------------------------------------------------------------ Is nothing wrong with this picture? Cybe R. Wizard -- When Windows are opened the bugs come in. Winduhs
