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![]() "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. |
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