Nationalize oil companies?

Then why not nationalize healthcare, convenience stores, home mortgages,
banking, grocery stores, Wal-Mart, GE, Microsoft?????

And while you are at it, why not just invite the Federal Government into
100% of our lives??????

Thanks,
Tom Hargrave
www.kegkits.com
256-656-1924
 

-----Original Message-----
From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]
On Behalf Of Rich Thomas
Sent: Sunday, April 20, 2008 12:37 PM
To: Mercedes Discussion List
Subject: Re: [MBZ] OT: McCain proposes break in fuel taxes

Oil companies should be nationalized and run by the federal government, 
with all excess income going to fund programs.  That ought to make 
things better.

--R

Luther wrote:
> Ahh, but look at Exxon. 
> earnings statements for 2005, 2006, 2007... 
> http://finance.yahoo.com/q/is?s=XOM&annual
>
> 2005 total revenue of $370,680,000,000
> 2005 net income of   $36,130,000,000
> Profit 9.74695%
>
> 2006 total revenue of $377,635,000,000
> 2006 net income of   $39,500,000,000
> profit 10.4598%
>
> 2007 total revenue of $404,552,000,000
> 2007 net income of   $40,160,000,000
> profit 10.0383%
>
> and a few more years.... 
> 2004 8.4990%
> from http://www.exxonmobil.com/corporate/files/corporate/AR_2004.pdf
>
> 2003 9.0739%
> from http://www.exxonmobil.com/corporate/files/corporate/AR_2004.pdf
>
> 2002 5.7029%
> from http://www.exxonmobil.com/corporate/files/corporate/AR_2004.pdf
>
> As you can see....2006 and 2007 were better than $0.90 on the dollar
operating
> ratio.... 
>
>   

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