Introduction In Part I, I discussed the short term factors that have resulted in the recent, rapid increase in the price of gasoline. But there are a number of underlying, long-term issues that have been […]
Tag: profit margins
Record Prices = Record Profits?
So, I am running through some of my daily news searches – things like “gas prices”, “gas gouging”, “alternative energy”, etc. I ran across this gem: Gas price gouging becomes even more obvious It is […]
The Demagoguery Continues
I have been watching the news closely to see who would be the first politician to attempt to score political points as oil companies released profits this week. The prize was won by Nevada Senator […]
Debunking the Debunkers
There are a few things I have learned over the years regarding the relationship between the public and oil companies. The public seems to have an especially strong distaste for oil companies, and especially Big […]
I’m Being Gouged!
Where’s the Outrage? They reported profits today of $2.89 billion in the first quarter on revenues of $10.9 billion. Their profit margin on sales was 26.5%! I was expecting outrage. Yet I haven’t heard anyone […]
Politicians, Profits, and Inventories
Can You Believe This Guy? I am aware that from time to time a politician has stopped by to read some of my essays. I have even had contact with some of you. I do […]
Taxing “Windfall Profits”
I have a few essays in the queue (including a nifty biodiesel story), but I thought I would comment on an article in today’s Deseret News out of Salt Lake City. The article was entitled […]