Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (8) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: DirtyDollie Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 445731  
Subject: Re: big oil subsidies Date: 2/23/2013 12:51 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
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?
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (8) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Looking at Currency Ratios
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement