Excellent plan.  That would drive the economy to new heights of success, 
and fund lots of programs for hope and change.

--R

Tom Hargrave wrote:
> 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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