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Politics : Don't Blame Me, I Voted For Kerry

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To: TimF who wrote (78409)7/27/2006 4:50:42 PM
From: CogitoRead Replies (2) of 81568
 
Tim -

What's interesting is that Exxon-Mobil, and the other oil companies, are making record profits at a time when oil, their raw material, is at record highs.

Most companies don't make more money when the cost of raw materials goes up. What's that about? If they're forced to buy most of their oil at market rates, how do they make more money when each barrel costs them more?

- Allen
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