cool, do you think you could pick me
up on the way to the salt.......
Joe
Quoting Bryan Savage <b.a.savage@wildblue.net>:
> The report points out two things that are in the public record, not tree
> hugger opinion.
>
> 1) The oil company's reported a ROE of 22.1%
> If the company I worked for (IBM) had ever reported ROE above 15%, the party
> would still be
> going on.
>
> 2) They are investing nothing in the refining business that will increase
> supply. As a matter of
> fact Shell Oil sold a small refinery last fall. They wanted to tear it down
> and sell the land, but
> the nasty, incompetent state government somehow forced them to sell it to a
> company that
> is using it to produce ---- Gas. If the stupid government had stayed out of
> it, we would have
> more grazing land in California and Shell Oil would have received much less
> for the sale.
>
> The oil company's are doing exactly what a publicly owned business has a
> legal obligation to do,
> make as much money as possible for the stake holders. If they can legally
> control the market
> and make 1,000% ROE, they are NOT ripping anyone off. They are just doing an
> excellent job.
>
> They have done an excellent job in the last few years. They have totally
> eliminated risk.
> Their customers will buy their product as long as the price does not damage
> the economy.
> They have bought up the competition and they are not stupid enough to start
> "gas wars".
>
> Now the good news, I'm done with this subject for the rest of this year,
> Bryan
>
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>
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