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First recorded activity by BoatBanter: Feb 2008
Posts: 12
Default $100.88


"Chuck Gould" wrote in message
...


I wish I had a solution. I don't. But when poor families are facing a
"heat or eat" decision every week while BIGOILCO makes $40-billion
profits.......................


A few things to remember:

1. You are not entitled to anything... cheap gasoline included.

2. The point of setting up a for-profit business is TO MAKE A PROFIT.

3. Exxon does not set the price of oil.

4. Exxon's profit margins are around 10%, not unreasonable when you compare
it to Pfizer, which manages to make 17% on the backs of the sick and dying.
Exxon also paid 30 billion in corporate taxes last year which is more than
the combined total income tax paid by the bottom 50% of tax payers in the
US.

Total taxes paid by Exxon exceed 120 billion if you include all taxes
(franchise, payroll, property, severance and excise taxes). Their total
corporate tax was over 300k per employee.

5. If you are unhappy with the price of gasoline, you may, at any time, take
a train, ride a bike, walk, or ride the bus. All of these options will
reduce your energy costs.


Full disclosure- I am a shareholder of Exxon :-)


 
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