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Old 11-17-2007, 06:57 PM
 
Location: Tennessee/Michigan
27,994 posts, read 46,359,104 times
Reputation: 19398

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Despite surging crude prices, profits may be on the wane at the big multinational energy companies.

Even as oil prices break records and test the $100 mark, profits aren't gushing for major oil companies.

Trouble ahead for Big Oil - MSN Money
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Old 11-20-2007, 03:38 PM
 
Location: North Adams, MA
746 posts, read 3,115,490 times
Reputation: 789
This is quite a new trend, a second topic in this forum on how the rich are losing ground? Am I supposed to feel sorry that the obscene profits in the oil industry are not being sustained?

Get real.
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Old 11-20-2007, 05:05 PM
 
Location: WA
5,292 posts, read 20,701,286 times
Reputation: 5622
Oil companies are just enterprises looking for a reasonable profit in a very tough business... although they do a huge volume making profit dollars look very big, the margin is about average for an industrial company. If you want to look at outrageous profit margins look at financial, insurance, and software companies.
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