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  #51 (permalink)  
Old 05-06-2008, 03:31 PM
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Originally Posted by C-D-P View Post
Over $5 worth of taxes? As the world market decides the price of oil, wouldn't crude cost you the same?
Not sure I understand your question. Could you clarify?

My point earlier was that most of the price we pay at the pump is taxes. And has been for many years. Hence, if the world market price of oil doubles, for example, we barely feel it, as the base price of oil has so little influence on the price we pay at the pump.
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  #52 (permalink)  
Old 05-06-2008, 03:38 PM
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Originally Posted by DanishDynamite View Post
Not sure I understand your question. Could you clarify?

My point earlier was that most of the price we pay at the pump is taxes. And has been for many years. Hence, if the world market price of oil doubles, for example, we barely feel it, as the base price of oil has so little influence on the price we pay at the pump.
Ok scratch that then.
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  #53 (permalink)  
Old 05-06-2008, 03:58 PM
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Originally Posted by C-D-P View Post
Exxon pulled around 8% profit margins in 2007, I guess it is around 10% now.
Nope. It's still under 9%.

Here's the most hilarious part...other profit margins....

Tobacco companies: 20%
American Auto companies: 18%
Computer technology: 26%
Telephone companies: 16%
Pharmaceutical companies: 18%

So here, you have all these other companies making MORE PER DOLLAR profit, but no one is saying anything about it. Why is that? Because PEOPLE ARE IGNORANT. The media throws out a big number, and calls it "profit," and the stupid citizens take it for fact, eat it up, and whine about it. They don't know squat about economics, or how companies function, but now they've got all the answers!

Brilliant.
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  #54 (permalink)  
Old 05-06-2008, 04:03 PM
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Originally Posted by ABoyNamedSue View Post
Nope. It's still under 9%.

Here's the most hilarious part...other profit margins....

Tobacco companies: 20%
American Auto companies: 18%
Computer technology: 26%
Telephone companies: 16%
Pharmaceutical companies: 18%

So here, you have all these other companies making MORE PER DOLLAR profit, but no one is saying anything about it. Why is that? Because PEOPLE ARE IGNORANT. The media throws out a big number, and calls it "profit," and the stupid citizens take it for fact, eat it up, and whine about it. They don't know squat about economics, or how companies function, but now they've got all the answers!

Brilliant.
None of those industries have recently raised prices by almost 100%. I suspect this is the difference.
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Old 05-06-2008, 04:07 PM
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None of those industries have recently raised prices by almost 100%. I suspect this is the difference.
If the price of the stuff used to make gas goes up, so does the gas. Crude oil prices aren't controlled by the oil companies.
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Old 05-06-2008, 04:09 PM
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None of those industries have recently raised prices by almost 100%. I suspect this is the difference.
Don't be an idiot. None of those other companies' raw materials didn't go up 100% either! If tobacco went up 100%, you bet you ass they'd be jacking the price up on those cancer sticks.

Again...stick to "profit margins." Quit weaving your straw men.
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Old 05-06-2008, 04:12 PM
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Don't be an idiot. None of those other companies' raw materials didn't go up 100% either! If tobacco went up 100%, you bet you ass they'd be jacking the price up on those cancer sticks.

Again...stick to "profit margins." Quit weaving your straw men.
The public doesn't care about the price of raw materials. They care about the price they have to pay for a product. Hence my remark.
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Old 05-06-2008, 04:14 PM
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If the price of the stuff used to make gas goes up, so does the gas. Crude oil prices aren't controlled by the oil companies.
I know. I was just explaining why people were complaining.
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Old 05-06-2008, 04:20 PM
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The public doesn't care about the price of raw materials. They care about the price they have to pay for a product. Hence my remark.
Then they should STFU and take the bus or subway. "The public" is stupid and selfish anyway.
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Old 05-06-2008, 04:24 PM
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Then they should STFU and take the bus or subway. "The public" is stupid and selfish anyway.
Perhaps. But their reaction is explained by what I said.
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