Posted by BGH
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Who knew the oil companies were non-profits? Now I feel bad for railing against their billion dollar quarterly statements, it seems they really make "no money" on crude oil like many people assert.
We have made posts here regarding the skyrocketing gas prices and the effect on the economy and we have heard many rationalizations, the weakening dollar, small profit margins for the oil companies and market demand. In regards to the small margins, I had no idea just how small they were until I saw this last night. The profits, according to the ads placed in newspapers around the country, are literally non-existent.
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"These things I'll carry on
And when you're gone I'll honor you
Each day, however long"
1 comments:
man, I really feel for big oil and there president george bush and dick cheny. I'm in tears
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