The thing that annoys me is that the oil producers are crying about how 
it is getting more expensive to find and extract oil.
Every few weeks there is a 'crisis' somewhere and the price goes up.
Question is how critical are these crisis? Are they just beat ups to 
push the price up?
Smells like a con job to me.

Hendrik

Rich Thomas wrote:
> I don't understand why people think an oil company should not make 
> profits.  Their profits are pretty much in line with other companies, 
> and lower than some (Microsoft for example), as a percentage of income.  
> Should it be 0% or 2% or what?  If less than the average then stock 
> prices go down, investments go down, exploration/production  go down, 
> then prices go up more.  Invest in oil company stocks and reap some 
> benefits.
>
> Prices for crude and refined products are set by traders on the 
> exchanges, not the oil companies.  Profits are what they are. 
> What profit % number would make everyone happy?
>
> --R
>
>   
>   

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