I love to listen to Boortz when I can, but I always try to check out his site.
Yesterday, he had some very interesting information on his site
"As for profit margins ... the amount of money earned for each dollar of sales ... oil companies are nowhere near the top of the list. In 2005 pharmaceutical companies made about 17.6 cents for every dollar of revenue. That, for those of you educated in government schools, that works out to a 17.6% profit margin for the drug makers. How about your local bank? They made about 19.1 cents for every dollar of revenue. Almost a 20% profit! Not too shabby. And what about your household goods and cosmetics? Those companies earned 11 cents on the dollar. A lot of competition there. Now, the oil companies. What did they make? In 2005 the average was 8.5 cents per dollar of revenue. That works out to an 8.5% profit margin. "
http://boortz.com/nuze/200604/04262006.html
I am not sure I want the government to step in and tell me my company is making too much. I think that if they do the oil companies, they also need to do everyone.
Yes, I think the fuel price is high, but get rid of the gas guzzlers, drive slower, plan your trips better. Supply and demand is at work. We need to cut our demand, and they will cut their prices. When we raised the speed limits, our prices started to go up. Just think, on a trip from Dodge to Garden you only save a few minutes (less than 10) by driving 65 as opposed to 55mph. But you save fuel.
04-27-2006, 10:16 AM
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