Re: [FairfieldLife] Re: Angry with the oil companies?

[MDixon6569]

In a message dated 4/23/06 11:45:33 P.M. Central Daylight Time, [EMAIL PROTECTED] writes: High profits are a good thing. It means more cash that can be reinvested in new techology, creating new efficiencies,and raising productivity -- which are highly correlated with salary and wage increases. Not excessive across all industries, particularly on a risk adjusted basis. (And if not adjusting for risk -- any analysis is deeply flawed.) Why don't you complain about the "gravy" in other industries? Exxon's recent operating margins  were 16%, with net margins of less than 11%. Apple's recent operating margins  were 12%, with net margins of 10%. And traditionally the oil industry is more risky than highly-branded consumer electronics. So it deserves a higher return. I have absolutely no problem with oil companies making a healthy profit. However, I really would not mind the oil companies execs getting up before congress and giving them and the American people an education on why the price of gasoline keeps going higher and higher and what could have been done in the past to keep prices lower and what they believe it will take to get them lower again. The situation is obviously going to be politicized and the American public should know some facts so they can make their own decisions as to what really needs to be done if anything can be done from the governments side. To subscribe, send a message to: [EMAIL PROTECTED] Or go to: http://groups.yahoo.com/group/FairfieldLife/ and click 'Join This Group!' SPONSORED LINKS Maharishi university of management Maharishi mahesh yogi Ramana maharshi YAHOO! GROUPS LINKS  Visit your group "FairfieldLife" on the web.    To unsubscribe from this group, send an email to:  [EMAIL PROTECTED]    Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.