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Even at the highest, 2.81%, that's an extremely low profit margin, so what in the hell are you even talking about?
Probably paraphrasing MSM articles blaming the "greedy corporations" for rising prices.
Lots of finger pointing going on by the very people who caused this...Powell, Yellen and the WH.
There is no way I could afford or would qualify for a loan for these EV cars. I would be one in millions of people in the same situation.
In spite of offers to finance one, I simply don't want it; particularly the payments.
As I hardly drive, my car is older; and easy to work on. I can get another decade out of it.
New EV's are loaded with worthless gadgets, sensors that can cost a lot to replace; and only come in about 5 different colors.
New cars are all overpriced, it would take some type of major financial incentive for me to ever buy another one. Unless your flipping classic cars, or renting out vehicles; they are generally poor investments.
Probably paraphrasing MSM articles blaming the "greedy corporations" for rising prices.
Lots of finger pointing going on by the very people who caused this...Powell, Yellen and the WH.
What do you make of this? I'm going to research it more.
Share prices are not profits; they're stock market speculation. You specifically commented on Valero's profits:
Quote:
Originally Posted by Ponderosa
Biden picked the wrong oil industry operative. The ones raking in the money are the refiners. Valero, for example, more than doubled its profits from the corresponding quarter last year.
I correctly pointed out that Valero's profit margin is actually quite low, the highest of the last 5 quarters at only 2.81%.
Biden picked the wrong oil industry operative. The ones raking in the money are the refiners. Valero, for example, more than doubled its profits from the corresponding quarter last year.
It is why Silicon Valley is one of the most expensive areas to live. Those companies are very profitable. But people get angry with oil companies because the price of crude oil on the world market rises, which oil companies don't directly control. But if Apple raises iPhone prices $200 no one says anything.
Share prices are not profits; they're stock market speculation. You specifically commented on Valero's profits:
I correctly pointed out that Valero's profit margin is actually quite low, the highest of the last 5 quarters at only 2.81%.
Misleading. Read their quarterly shareholder report. They are printing money. 400+ million in dividends, another 150 mill in stock buybacks, big debt service payments, and even some investment. It is a huge turnaround from last year driven by unprecedented refining margins. Not only that, but most of the gains came in a single month - March and are continuing into April, May, and who knows how long.
I'm not totally complaining. I own Valero shares. But trying to downplay the windfall this "shortage" has been for refiners is just disingenuous.
Misleading. Read their quarterly shareholder report. They are printing money. 400+ million in dividends, another 150 mill in stock buybacks, big debt service payments, and even some investment. It is a huge turnaround from last year driven by unprecedented refining margins. Not only that, but most of the gains came in a single month - March and are continuing into April, May, and who knows how long.
I'm not totally complaining. I own Valero shares. But trying to downplay the windfall this "shortage" has been for refiners is just disingenuous.
How is it misleading? All publicly traded corps have to file a quarterly Profit and Loss (Income) Statement with the SEC. Those statements, which include profit margin, are public info. I posted Valero's profit margins for the last 5 quarters:
Liberals do not realize that the laws of thermodynamics have not been suspended to satisfy their child like, emotional desires.
Bingo.
On the bright side, their idiotic policies are going to create a large enough majority for the GOP starting in 2023 to last throughout the 2020s.
I am a firm believer in not calling timeout vs the opposing basketball team that can't pass the ball downcourt.
The GOP will likely have close to, or more than 240 House seats, plus add some net Senate seats in 2022. The 2024 GOP Senate map is even lovelier for the party and nation.
So let the children have their "Buy Tesla" chants. We will win where it counts.
Can I get a link? I respect that some people don't trust the mainstream media. Please don't quote any right wing outrage porn sites like Brietbart to me .They suck at sourcing. I'm going to see what Ben Stein has to say (a conservative BTW).
This is not from the media, or right wing but rather a government source, the US Energy Administration.
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