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on the oil companies. Neil Bortz was railing today about the teddys and chuckies grandstanding over the oil profits. He said, sure the number sounds "fantastic", but does anyone pay attention to the key number? called PROFIT MARGIN. Can't remember which companies numbers he was talking about, but he mentioned, yes, they made 36 Billion dollars in profit. But that it came to a PROFIT MARGIN of 8%... Which is less than a majority of the other companies doing business. do you know how much this same company paid in taxes, state and FED last year? get this number: 98 Billion dollars in taxes.
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