From: "Geo" 

Stop please, you can play with your numbers all you like but:

Profits of major oil companies reached $43.3 billion in the first half of
2005, some 42 percent higher than in the same period last year

http://www.conocophillips.com/newsroom/other_resources/energyanswers/oil_profit
s.htm

And that's not including the even higher profits during the hurricanes and
the extra profits the refinery makes or the extra that's being charged for
crude oil being pulled out of the ground here in the states. Your silly 11%
number is based on JUST the increase after the first half of 2005, ie it's
ON TOP of the 42% increase.

Geo.

"Gary Britt"  wrote in message
news:439cff6b$1{at}w3.nls.net...
> The oil companies are NOT making outrageous profits.  I thought you were
> smarter than to fall for these old democrap lies.  Even right now, those
so
> called record profits that were just announced as a percentage of sales
are
> NOT as high as the average percentage of profit on sales that exists for
all
> corporations.  Oil companies record profits are around 7% of sales and the
> average for all corporations is around 11%.  Most of the oil companies
> "record profits" are paper generated inventory valuation
profits caused by
> fluctuations in oil prices.  Those prices go up they make more on paper.
> Then they go down and they lose more on paper.  Their net profit on sales
> and cash flow however are NOT as high as the average corporation.

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