If I read this chart correctly, it says that the inflation adjusted price of gas is at similar levels to 1979-1980...i.e. we've been here before.
Taking a look at Exxon Mobil's latest 10k, their pre-tax margin is 13.8% which is a nice return, but certainly not the highest out there.
Take Apple, for example, with a pre-tax margin of 28.4% yet I don't see anyone complaining about the price of Ipads or Iphones.
Quote:
Originally Posted by techweenie
Many energy companies are paying infinitesimal taxes and getting direct government subsidies. All while making record margins and profits. How they work with the US government is rarely illuminated as clearly as the evidence below shows...
 |