Comment Re:stay on your own side of the pond (Score 1) 358
"This really does not benefit us at all. How it is that people assume that it is a matter of oil, when the oil producing nations are the ones which end up with windfall profits is beyond me."
Err, I would disagree. Look up some oil company sales figures sometime;
http://money.cnn.com/magazines/fortune/fortune500/ 2007/full_list/index.html
Everyone complains about the "evil" walmart, but Exxon had roughly the same total sales and over 3 times (closer to 4x) the profit margin. Chevron had a little more than half walmart's sales, but a profit margin 50% greater. Seems to me people besides just the oil producing nations are reaping windfall profits
Err, I would disagree. Look up some oil company sales figures sometime;
http://money.cnn.com/magazines/fortune/fortune500
Everyone complains about the "evil" walmart, but Exxon had roughly the same total sales and over 3 times (closer to 4x) the profit margin. Chevron had a little more than half walmart's sales, but a profit margin 50% greater. Seems to me people besides just the oil producing nations are reaping windfall profits