Originally Posted by pretender
You are making statements which you represent as factual with-out factual support. Goggle 'Most profitable businesses in the USA' to see what I mean.
I did exactly what you suggested. I Googled "most profitable business in the USA," and I got 4 hits. One of them is this thread. The other three contained identical information: "Newspapers have been one of the most profitable businesses in the USA, comparable to Coke selling sugar water, and American Tobacco selling nicotine, and big pharma selling prescription drugs."
Now, I ask you. Who is making statements withoug factual support?
Here is what I find when I seriously look for those massive oil company profits. First is a price breakdown on what you pay when you buy a gallon of gasoline: Estimated Gasoline Price Breakdown & Margins Details
That doesn't break out the profits taken at each step in production, refinement, transportation and delivery, but it does show that the profits are divided among a series of businesses between the oil field and the gas tank. The biggest single profiteer may be the various levels of government who tax the product, since they have no overhead associated with the money they take. In any case, this isn't information that tells the story you are looking for.
So I did another search, looking for those obscene profits: http://money.cnn.com/2008/03/13/news...ex.htm?cnn=yes
This is 2008 information, so it isn't current, but it is revealing. The article points to Chevron's massive profit increases, from $.92 per share to $2.27 per share. Wow. More than double. But is that obscene?
A share of Chevron stock is trading today at $88.49. So that $2.27 profit per share reflects a 2.56% return. At $.92, the return is 1.04%. Those hardly seem predatory. What does your passbook savings account pay?
Now, Pretender, those are the facts. And they are far better documented than any of your empty claims.