On 6 Mar, Roberto C. Sanchez wrote:
> On Tue, Mar 06, 2007 at 01:09:37AM -0800, Paul Johnson wrote:
>> Steve Lamb wrote:
>>
>> 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.
> 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
>
Except that the price of oil isn't set by supply and demand, or by
the cost of extraction, but on a highly speculative futures market.
Ditto the profit margin. Ask any oil trader.
-Chris
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| Christopher Judd, Ph. D. [EMAIL PROTECTED] |
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