tag:blogger.com,1999:blog-10820485.post117036514823504749..comments2023-11-03T09:36:22.100-04:00Comments on In From the Cold: What's Missing From This Story (Corporate Edition)?George Smileyhttp://www.blogger.com/profile/07049707648660651119noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-10820485.post-1170663166996769192007-02-05T03:12:00.000-05:002007-02-05T03:12:00.000-05:00What Mike said, and then some. Look at return on ...What Mike said, and then some. Look at return on investment over some time period including good and bad business stretches, good and bad macro demand, etc. And then compare those to the furniture industry, the software industry, the golf course management industry, while somehow adjusting for respective risk factors. THEN you might be able to decipher whether big oil is generating above-average returns, and THEN you can start from scratch developing a rationale for treating that return any differently from anything else - an effort that would fail unless it just makes stuff up and/or adopts a bolshevik confiscatory dementia in lieu of reasoning.<BR/><BR/>I've noticed retail gas prices plummeting since I got back from Iraq. Who's calling for investigations? Where are the headlines? Not hard to imagine a world where witches were burned or slavery tolerated when one looks at the demented, illiterate, pathologically envious idiocy regarding the oil industry from much of the public and most of the airhead "elites".IceColdhttps://www.blogger.com/profile/03157745300687993805noreply@blogger.comtag:blogger.com,1999:blog-10820485.post-1170404979361975952007-02-02T03:29:00.000-05:002007-02-02T03:29:00.000-05:00Maybe congress can pass a law whereby tax refunds ...Maybe congress can pass a law whereby tax refunds are automatically issued when the government collects more in taxes than planned due to the growing economy.<BR/><BR/>Another good question is how risky is investing in the oil business? Oil companies have to risk money to find oil, pump it, transport it, refine it etc etc. If the return on investment isn't greater than investing in a bank CD then the oil companies will invest their profits in CD's and where would we be then? You can't fill up your gas tank with paper.<BR/><BR/>Any person, corporation, or government which envies the profits of oil companies can buy shares of their stock, or invest in an oil sector mutual fund.anonymoushttps://www.blogger.com/profile/09701008088467238503noreply@blogger.comtag:blogger.com,1999:blog-10820485.post-1170389243189939282007-02-01T23:07:00.000-05:002007-02-01T23:07:00.000-05:00The MSM also haven't talked about oil subsidies un...The MSM also haven't talked about oil subsidies until the recent House action on cutting them. Government subsidies to industry smack of socialism plain and simple. If an industry can make a record profit, they surely don't need any of my money nor the cheap leases they receive for development on public land. Just sayin'Andyhttps://www.blogger.com/profile/05924320590375035146noreply@blogger.comtag:blogger.com,1999:blog-10820485.post-1170378041127701812007-02-01T20:00:00.000-05:002007-02-01T20:00:00.000-05:00Not only do the MSM miss the point on taxes, they ...Not only do the MSM miss the point on taxes, they also consistently avoid talking about profit margin. I never see them touch on how much profit their making and then compare it to how much it costs to actually produce the product. Nor do I ever see any context about whether or not the difference between these two numbers are shrinking or expanding. <BR/><BR/>One would think such context would be vital when leaving the impression that the profits are gargantuan.Mike Hoseyhttps://www.blogger.com/profile/13331664451005391449noreply@blogger.com