Politics of Energy Message Board

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Politics : Politics of Energy

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To: RetiredNow who wrote (8775)	5/31/2009 2:24:18 AM
From: Hawkmoon	1 Recommendation Read Replies (1) of 86356

Their graph on oil industry profits only makes sense if it includes REVENUE INCREASES representing increased demand on a global basis as well as increases in per barrel prices. Right now Chevron has a 27% profit margin: finapps.forbes.com Now compare that to INTC and MSFT. In sum.. what was the price of oil in 2001 compared to now? Increased per barrel prices result in higher revenue totals, and thereby profit totals. What you should REALLY factor in increase in profit MARGINS, not overall profit. Just shows you how statistics can be warped in order to suit a political agenda. Hawk

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