[PRCo] Excess Profits - Oil Companies

Fred Schneider fwschneider at comcast.net
Wed May 21 16:02:28 EDT 2008


Just heard an interesting news item on television.   We all know that  
Hillary wants to take the 18 cents a gallon Federal tax from the oil  
companies' excess profits.   Now what I heard was that the average  
profit on a gallon of gasoline is 8 cents to the producer!   Only two  
percent!   Would you buy stock in a business that has only a two  
percent return on sales?



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