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Subject:  Re: big oil subsidies Date:  2/23/2013  12:51 PM
Author:  DirtyDollie Number:  418422 of 507816

I keep hearing about oil subsidies. What are they? Offsetting capex against tax? That's common practice in every industry. Many countries actually have additional petroleum taxes so oil and gas companies may more tax, not less.

Yeah, the oil industry has huge profits, but that's reasonable the huge financial risks they take. The Major Integrated Oil & Gas sector profit margins (7.3%) are actually lower than insurance brokers (7.4%), jewelry stores (7.4%), auto parts stores (8%), toy and games manufacturers (9.5%), restaurants (10.1%), soft drinks (11.7%), book publishers (14%, brewers (17.4%)...

So are oil companies' profits unreasonable?
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