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Politics : Formerly About Advanced Micro Devices
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To: American Spirit who wrote (290179)7/12/2006 3:33:42 PM
From: TimF  Read Replies (1) of 1573849
 
I never said Exxon Mobil had low profit margins, I said they had unexceptionable profit margins, and I said that many other companies have bigger margins.

They have the biggest profits in history, mostly because they are such a large company, and partially because of inflation (the dollar figure represents less actual profit than it used to), partially because of economic growth (they don't have to be as big of part of the economy to generate these large profits as they would have had to have been generations ago), and also do to factors beyond their control (developing nations using more oil, OPEC being unwilling (or if you believe peak oil, perhaps even unable) to greatly increase supply, etc.

Tim
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