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To: thackney

If profit margin by U.S. oil refiners has shot up 158% since 1999 (the year Exxon and Mobil merged). The consumer’s price has also gone up by a huge amount. Are you suggesting they not related?


77 posted on 07/23/2007 6:45:38 PM PDT by TommyDale (Never forget the Republicans who voted for illegal immigrant amnesty in 2007!)
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To: TommyDale
If profit margin by U.S. oil refiners has shot up 158% since 1999

I would like to see those numbers supported. I suspect you don't mean profit margin but actual dollars. Comparing to 1999 is cherry-picking the data to a year when oil companies we capping wells they couldn't afford to produce when oil was below $10 a barrel and many sold off assets just trying to stay alive.

Again, is keeping 10¢ on the dollar out of line?

78 posted on 07/23/2007 6:53:00 PM PDT by thackney (life is fragile, handle with prayer)
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