Thread: Affording Fuel
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posted to rec.boats
JimH
 
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Default Affording Fuel


"Harry Krause" wrote in message
...
Fred Dehl wrote:
jps wrote in
:

I've had one hell of a time justifying the expense of fuel and,
consequently, over the last year our boat has been out very little.

Now I come to find that Exxon, Chevron and Halliburton have made more
money this past year than at any time in history and our rate of savings
hasn't been this low since 1933.


Exxon's profit margin (net income divided by revenue) is 8.4%:

http://finance.yahoo.com/q/is?s=XOM&annual

Knight-Ridder's profit margin is 10.8%:

http://finance.yahoo.com/q/is?s=KRI&annual

Where is your rant against The Obscene Profits Of Big Media?


More than most corporations, energy producers, especially oil companies,
have interesting ways to cook the books. Their profits are much, much
higher.


And folks can choose to stop buying newspapers. Not true of gasoline.