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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: ColtonGang who wrote (149775)	5/30/2001 9:42:47 PM
From: SecularBull	Respond to of 769670

I guess all of that must have been made since Jan. 20. ~SB~

To: ColtonGang who wrote (149775)	5/30/2001 9:44:01 PM
From: SecularBull	Respond to of 769670

Gosh, darn! All this time I thought OPEC controlled the price of oil, and the US government regulated refinery construction... ~SB~

To: ColtonGang who wrote (149775)	5/30/2001 10:14:50 PM
From: Peter O'Brien	Read Replies (1) \| Respond to of 769670

Here is the past five years of earnings history for Texaco: www2.barchart.com Their earnings per share fell from $4.87 in 1997 to $1.04 in 1998 when world oil prices plunged. That's a decline of nearly 80%. Their profits are only now getting back to the 1997 levels. The story is similar for most oil companies. Where were you in 1998? Would you have supported a government-mandated price floor for energy in 1998? When your profits are nearly wiped out, of course there will a large percentage increase when they return to a more normal level. That is because the demominator is small. By the way, I realize this is quite a difficult concept for a public school graduate to grasp...

To: ColtonGang who wrote (149775)	5/30/2001 10:37:17 PM
From: aknahow	Read Replies (3) \| Respond to of 769670

The profit margin for Exxon was an astounding 7.6%. Far too high! Think it should be a lot lower. Just not fair at all. I'm tired of being gouged. This whole thing is outrageous. How much should these crooks be forced to lower their profit margin? biz.yahoo.com