Posted by pkurilecz on November 22, 2010 at 09:21:30 from (68.88.70.197):
In Reply to: Re: subsidies posted by rrlund on November 21, 2010 at 12:59:56:
I have to chuckle whenever I hear about the subsidies that oil and gas companies receive and guffaw when I hear about their "obscene" profits.
First off, they are mining companies. The locate deposits of oil and gas and then deplete them. Just in the same way that other mining companies are, be they iron, gold, potash, phosphate, gravel, or any other number of minerals.
Next time that you hear reports of obscene profits, even in the best of times, most publicly traded oil and gas companies have a net profit in the range of 10% to 12%, with occasionally 15%.
Compare this with the net profit of 20% to 25% reported by companies such as Microsoft, Cisco, AT&T, among others.
Even the big "evil" ExxonMobil produces only about 20% of the oil that they process and sell. The rest of it is bought on the open market from national oil companies.
As far as energy independence is concerned, we can cut energy consumption more quickly and with less capital than we can by producing more energy.
Any way this is my $0.02. Your opinion is probably different and just as about as wrong as mine. 8-))
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Sunday Drives - by Cowboy. Summer was finally upon us here in Northern Maine. We have two types of industry up here, one being "Forestry" (Wood Products) and the other "Farming" (Potatoes). There is no shortage of farm tractors and equipment around here! I have been restoring old Farm Tractors for the past 6 years, and have found it easier and less expensive to hit all the auctions and purchase whole tractors for parts needed. My wife who works at a local school, and only has weekends and summers off, while on t
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
