Evil Oil Companies?

Oil companies are evil. We all know that. They make billions of dollars a year. How could anyone make billions of dollars a year and not be evil?

However, the actual dollar amount of profits is not as relevant as the ratio of profit to expense, which includes the costs of research and development as well as the ordinary costs of doing business. Overall, oil companies have a slightly higher than average profit margin, but not nearly as high as some other industries, like pharmaceuticals, banks, financial services, telecom, software, and the food and beverage industries. According to U.S. News & World Report, "if you exclude the financially troubled auto industry from that analysis, the oil industry actually appears less profitable than most manufacturers, which were earning 9.2 cents on every dollar of sales."

By: NotYourDaddy

Article Directory: http://www.articledashboard.com

NotYourDaddy is a conservative libertarian who believes in free will and the free market. NYD thinks the role of the government is to protect the rights and liberties of its citizens. Stop there. NYD's attitude toward ever-expanding government can best be summed up by snarling "Get your hand out of my pocket and leave me alone!" Visit NotYourDaddy's blog at Government is Not Your Daddy.