|
PureBytes Links
Trading Reference Links
|
You ask what makes me a reliable source of oil company profits, well here
you go.
I am an Information Technology consultant and have been on contract to most
of the major oil companies throughout my career. I have worked on their
financial systems and know intimately the algorithms used to calculate the
price of gasoline to their wholesalers and franchise retailers.
This thread is getting way off the original subject matter so you all have
fun, I'm done.
----- Original Message -----
From: <ChrisPR1@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, June 17, 2000 11:54 PM
Subject: [RT] Re: Inflation??????
> Tom,
> I can understand your concern but I must call to question some of your
> claims...
>
> "My point is that the American oil companies, not their suppliers, are the
> culprits."
> There are no culprits in this event. There are, however, an abundance of
> people who want a product which is produced and distributed by a limited
> number of entities.
>
> "The profit margin for American oil companies is staggering and I am
> suggesting that we force these oil companies to reduce their already
> exorbitant profit margins by lowering the cost of gasoline."
> The term 'staggering' is quite subjective - I think that the share prices
of
> many Nasdaq companies are staggering now, so you can imagine how I felt in
> March/April. Your recommendation to force a private company to reduce
their
> profit margins troubles me as well. The US is not a communist country run
by
> the state. We also have a private property issue; who are you to
> determine/allocate limited resources. The day that we turn into one, I
will
> regretfully rescind my citizenship.
>
> "These very same American oil companies are pocketing millions of dollars
per
> day in net income after all operating expenses. Outlandish profits like
> these are not key to the survival of the company. I have no argument with
> the right of any business within the free enterprise system to make a
> reasonable profit but oil company profits are way beyond reason."
> With all due resect to your opinions, what makes Tom Bowen a reliable
source
> for oil company profits? A reasonable profit is whatever the market will
> allow a company to earn and nothing more. I suggest you visit Russia,
China,
> or Cuba and see the wealth that is created in those countries. So too,
> please visit any African country where private property is essentially
> outlawed and see the prosperity generated by their companies and the
wealth
> showered upon its citizens. Efficient economies do not always operate
> equitably much in the same way that equitable economies never operate
> efficiently - any government-run program will prove this 100% of the time.
> Comments welcome.
> Chris
> PS - Gas in New Jersey is $1.70 premium. Too bad nuclear power is so
> politically incorrect.
>
>
>
|