Comments on: It Must Be Oil Company Greed http://theunbrokenwindow.com/2008/05/29/it-must-be-oil-company-greed/ The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. - F.A. Hayek Thu, 08 Jan 2009 17:31:47 +0000 http://wordpress.org/?v=2.3.3 By: skh.pcola http://theunbrokenwindow.com/2008/05/29/it-must-be-oil-company-greed/#comment-301 skh.pcola Wed, 04 Jun 2008 22:31:29 +0000 http://theunbrokenwindow.com/2008/05/29/it-must-be-oil-company-greed/#comment-301 Brad, just a quibble: the US doesn't tax gasoline on a percentage basis, it does so by the gallon. Other than that, I am in complete concurrence. Brad, just a quibble: the US doesn’t tax gasoline on a percentage basis, it does so by the gallon. Other than that, I am in complete concurrence.

]]> By: Speedmaster http://theunbrokenwindow.com/2008/05/29/it-must-be-oil-company-greed/#comment-300 Speedmaster Wed, 04 Jun 2008 18:28:43 +0000 http://theunbrokenwindow.com/2008/05/29/it-must-be-oil-company-greed/#comment-300 Well-stated, and much needed. ;-) Well-stated, and much needed. ;-)

]]> By: Brad Samples http://theunbrokenwindow.com/2008/05/29/it-must-be-oil-company-greed/#comment-286 Brad Samples Thu, 29 May 2008 19:10:13 +0000 http://theunbrokenwindow.com/2008/05/29/it-must-be-oil-company-greed/#comment-286 12) OECD government taxes on refined products go from 26% in the US to 55% in the UK. So the governments get a massive cut of the pie, with ZERO RISK. Exxon, easily the most despised of all oil majors, has a 5yr avg net profit margin of 9.6% (best amongst the majors), and puts up ALL THE RISK. 13) The cure for high prices is high prices - but the process takes longer when politicians won't get out of the way! 12) OECD government taxes on refined products go from 26% in the US to 55% in the UK. So the governments get a massive cut of the pie, with ZERO RISK.

Exxon, easily the most despised of all oil majors, has a 5yr avg net profit margin of 9.6% (best amongst the majors), and puts up ALL THE RISK.

13) The cure for high prices is high prices - but the process takes longer when politicians won’t get out of the way!

]]> By: Econobran http://theunbrokenwindow.com/2008/05/29/it-must-be-oil-company-greed/#comment-285 Econobran Thu, 29 May 2008 15:45:40 +0000 http://theunbrokenwindow.com/2008/05/29/it-must-be-oil-company-greed/#comment-285 You seem to forget that famous clause, "Life, Liberty, and Cheap Energy Forever." You seem to forget that famous clause, “Life, Liberty, and Cheap Energy Forever.”

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