On Friday, May 02, 2008 9:43 AM Stephen Wolfe wrote:

>You hit it right on, Ed.  The discussion I have been involved in on
another list essentially ends up with your conclusion that the base
>cost of the 'raw' material is exorbitant, however, everyone finally
agreed that the Q4 profits of Exxon were in line with normal profit >not
price gouging.  OBTW, Exxon had 116 billion Q4 2007 revenue with a
profit of
>11.6 billion -- 10%.  So, the problem is in abnormally inflated 'raw'
>material cost.

>Now the rest of the discussion was about what should the US do to
neutralize that abnormally high 'raw' material cost.  Care to guess 
>where that part of the thread went?

That Iraq should become the 51st state?

David L. Crooks



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