|
When did demand shrink?
And the basic problem is high demand, and a low value dollar. Gold is also way up.
Price controls = no gasoline. I remember the 1970's. If you can't make a profit, no one is going to make the product.
And as far as obscene profits, 8% ROI is crap. My company would fire everyone if our ROI was that low. These are GIANT companies. XOM is the biggest in the world. Market Cap of XOM is 452.5 Billion Dollars. 39 Billion in after tax profit isn't so great.
And yes, if you increase taxes on a company, it will pass the cost on to you. The price will go up.
__________________
James
The pessimist complains about the wind; the optimist expects it to change; the engineer adjusts the sails.- William Arthur Ward (1921-1994)
Red-beard for President, 2020
|