|
PureBytes Links
Trading Reference Links
|
Tom:
And I thought you were a tax expert.
Lamont
-----------------------------------------------------
Click here for Free Video!!
http://www.gohip.com/freevideo/
----- Original Message -----
From: Tom Bowen <trbowen@xxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, June 17, 2000 10:27 PM
Subject: [RT] Re: Inflation??????
> 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.
> >
> >
> >
>
>
>
>
|