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The big lie: How the oil companies are ripping us off

Discussion in 'Sports and News' started by JayFarrar, Jul 16, 2008.

  1. JayFarrar

    JayFarrar Well-Known Member

    Good read in Portfolio from Howell Raines on the oil companies.
    Some nuggets:
    Lots more. Pretty interesting stuff.

    If one of the board's leading lights can explain what is wrong with the article, I'd like to see it.
  2. spinning27

    spinning27 New Member

    Another key point that's missed in the oil discussion is that they re-invest their profits in their own stock, rather than in new exploration, building new refineries, etc.
  3. Armchair_QB

    Armchair_QB Well-Known Member

    That was in the article too.
  4. thegrifter

    thegrifter Member

    $5 billion to $25 billion? damn!
  5. Inky_Wretch

    Inky_Wretch Well-Known Member

    The media is doing a poor job reporting on a complex issue!?! :eek:
  6. slappy4428

    slappy4428 Active Member

    Damn liberal media anyway
  7. hondo

    hondo Well-Known Member

    Of course Howell Raines has all the credibility in the world (jaysonblair).
  8. Inky_Wretch

    Inky_Wretch Well-Known Member

    Damn the messenger!!! Past mistakes mean he can never be correct about anything again!!!
  9. JayFarrar

    JayFarrar Well-Known Member

    And in a 1,200 person newsroom, the executive editor must be absolutely sure of what each one of his 100 or so GA reporters is doing all the time.
    It wasn't like Raines had editors underneath him at the time, on wait, maybe it was seven or eight editing layers before Blair would get to Raines.
  10. Grimace

    Grimace Guest

    That article is damn good.

    I would recommend everyone pay attention to Page 3.

    I'd copy and paste the whole thing, but people that do that annoy me.

  11. three_bags_full

    three_bags_full Well-Known Member

    Let's play a little game, here. Name the companies below.

    Profit Margin (ttm): 14.23%
    Operating Margin (ttm): 23.80%

    Profit Margin (ttm): 10.85%
    Operating Margin (ttm): 16.45%

    Profit Margin (ttm): 8.35%
    Operating Margin (ttm): 11.40%

    Profit Margin (ttm): 38.92%
    Operating Margin (ttm): 17.64%
  12. Inky_Wretch

    Inky_Wretch Well-Known Member

    I'm guessing at least one of those is a newspaper company that recently had major layoffs.
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