Try searching for "Exxon" and "windfall." All those results are political headlocks and titty twisters.
People are FURIOUS at Exxon because in the Q1 financial data, they reported a 10.7 billion dollar profit on 114 billion in revenue.
Okay.
I'll do the math. It's a 9.4% profit margin. For anyone remotely involved in business (read: not liberals) that's INSANELY TINY - especially by evil corporation standards.
There's a million dishonest ways to vilify them, though the most ridiculous is:
"profits are up 42%!"
WHO CARES!? That statistic is pure propaganda. Oil and gas sales are ALWAYS seasonal. It's still under 10% markup.
One way I like to unwind is by dominating people on Huffington Post's comment board. I mentioned how narrow Exxons profit margin was, and that - according to a believable estimate from Exxon - they only make 2 cents on every gallon. One guy, named "exflatlander" (wonder what he is now?) responded:
"Right. [that] assessment would have us all wonder who the heck is profiting from the remaining $3.30 a gallon (low estimate). Must be all those Indian gas station owners selling naan instead of pizza inside. : ) "
Doesn't that make you want to smash your head through a wall? This guy thinks gas appears at the station free of charge.
Let's say gas is $3.80. The TAXES average 41 cents. Exxon's profit averages 2 cents of that (gee, who should you be angry at?). The remainder is COST.
This idiot on Huffington Post (which one!?) somehow assumes there's no cost in taking goo from a mile below the surface of the earth and turning it into a liquid that not only makes everything in the world function, but is made available EVERYWHERE.
Of course, bullies aren't always the smartest.
Just wish they's grow up.
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