« Trivia Tidbit Of The Day: Part 231 -- Lower Taxes, Stronger Economy. | WILLisms.com | Social Security Reform Thursday: Week Forty-Two -- Overpromising, The World Over. »

Trivia Tidbit Of The Day: Part 232 -- Oil Company Profits.

The Oil Industry Is Cyclical-

Still thinking a windfall profits tax on energy companies is a great idea? Think again:

Over the last five years, the American Petroleum Institute points out, the oil and natural gas industry netted 5.7 cents on every dollar of sales, compared to 5.5 cents for all U.S. companies.

Measured by its return on investment capital, report Jerry Taylor and Peter Van Doren of the Cato Institute in Washington, "the oil and gas sector has been less profitable than the rest of the U.S. economy over the past 33 years."

Source:
The New Editor blog.

Up, down... meanwhile, the world continues to function:

Dramatic increases in energy prices = #1 news story of the year.
Dramatic drops in energy prices = not newsworthy?

Previous Trivia Tidbit: Voting With Your Feet.

Posted by Will Franklin · 1 December 2005 03:23 PM

Comments