Jerry Taylor from CATO, our guest on the NLS, appearing on MSNBC this morning:
click here
We're glad the appearance times didn't conflict, so he didn't have to cancel his MSNBC appearance to be on the Neal Larson Show:).
Friday, May 11, 2007
NLS CATO Energy Guest on MSNBC
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1 – 200 of 221 Newer› Newest»After Jerry's comments I looked up the financial reports for 7 oil companies. The largest profit margin I found was a little over 8% for Frontier and Shell. The smallest was about 3% for Sun.
Mircosoft's profit margin is 28% and Apple's is 13%. Walmart is operating with about 4%.
So the largest profits ever posted by the oil companies is probably due to selling the largest amount of product ever, not from large profit margins.
It alarms me when some of your station's callers that boast the loudest about limiting government, call in and demand governmental investigations for $3.00/gal gas.
The oil America buys is the same price per barrel as Europe. The difference at the pumps is the amount of government taxes. If people don't like the price now, just think what the cry will be with the government's finger (or hand) is in the pie.
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