>
> --- In FairfieldLife@yahoogroups.com, "shempmcgurk" <shempmcgurk@>
> wrote:
> >
> > --- In FairfieldLife@yahoogroups.com, "sparaig" <sparaig@> wrote:
> [...]
> > Well, from the figures I cite above, we know that at $75.00 a
> > barrel, that $1.79 plus $.0364 ( which equals $2.154 ) is a cost
of
> > goods sold right off the bat.
> >
>
> Exxon doesn't have deals for under the open market price?
If they do, then they can make up the difference on the commodities
market (and thereby make extra profit)...and if that's the case,
where is that reflected in the $36 billion.
>
> > That leaves $0.846 per gallon of contribution margin; that is,
the
> > oil company has 84.6 cents per each gallon of gas it sells to us
to
> > pay for transporting the oil, pay the salary of its employees,
pay
> > for the medical insurance and retirement benefits of its
employees,
> > pay its overhead, R&D, etc. etc.
> >
> > On a $3.00 price of a gallon of oil, 84.6 cents is a
contribution
> > margin of about 29%.
> >
> > Hardly a windfall...
> >
>
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