[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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