-----BEGIN PGP SIGNED MESSAGE----- Hash: SHA1 On 03/06/07 10:08, Roberto C. Sanchez wrote: > On Tue, Mar 06, 2007 at 01:09:37AM -0800, Paul Johnson wrote: >> Steve Lamb wrote: >> >>> Is it really a return? Tell me Paul, since in your previous message >>> you touted "testing into the proper grade level" one would presume you're >>> educated. Tell me what's the difference between profit and profit margin? >>> Furthermore, can you guess why I'm asking? >> Yes, I can tell the difference. I think your assumption is based on the >> idea OPEC isn't profitting massively. >> > Wow. You really don't get it. > > They sit on a high-demand commoditity, which is in declining supply.
Maybe not. http://www.nytimes.com/2007/03/05/business/05oil1.html In a wide-ranging study published in 2000, the U.S. Geological Survey estimated that ultimately recoverable resources of conventional oil totaled about 3.3 trillion barrels, of which a third has already been produced. More recently, Cambridge Energy Research Associates, an energy consultant, estimated that the total base of recoverable oil was 4.8 trillion barrels. That higher estimate ? which Cambridge Energy says is likely to grow ? reflects how new technology can tap into more resources. > They also spend billions to excract, refine, transport and sell it. > They *should* be profitting massively. > > Now, please demonstrate that you have a semblance of a clue, go read > Wikipedia about profit and profit margin. > > Regards, > > -Roberto > -----BEGIN PGP SIGNATURE----- Version: GnuPG v1.4.6 (GNU/Linux) iD8DBQFF7bqOS9HxQb37XmcRAiI0AJ9BZqHmYkRHYExTd2/dEO5OXqqhdgCg1JQU JuStGnfNxglk/+C88y9iToM= =gvMD -----END PGP SIGNATURE----- -- To UNSUBSCRIBE, email to [EMAIL PROTECTED] with a subject of "unsubscribe". Trouble? Contact [EMAIL PROTECTED]
