Mr.Goodwrench-G.T. wrote:So in other words there is none.
Thank-you and very informative.
Greedy Capitalist Pig wrote:Mr.Goodwrench-G.T. wrote:So in other words there is none.
Thank-you and very informative.
No, in other words, you proved my point of your inability to offer substantive arguments.
Both my wife and I have numerous family members in the medical industry. My mother is the head of a department in a large hospital for which she has worked for 30 years. My father-in-law is recently retired as head of a major department of a large, very well known Boston hospital. I have a couple of other friends who work in the accounting department of hospitals, and a friend of mine's father owns his own practice. I get far better first-hand information than some study I could link to, just by talking to people I know.
Greedy Capitalist Pig wrote:No, in other words, you proved my point of your inability to offer substantive arguments.
Mr.Goodwrench-G.T. wrote:So you're saying your handful of people speaks for the nation draws a complete conclusion and it is more accurately then studies done. Think twice before posting another statistic or study. BTW that's a good one.
Greedy Capitalist Pig wrote:Greedy Capitalist Pig wrote:No, in other words, you proved my point of your inability to offer substantive arguments.
Mr.Goodwrench-G.T. wrote:So you're saying your handful of people speaks for the nation draws a complete conclusion and it is more accurately then studies done. Think twice before posting another statistic or study. BTW that's a good one.
And again.
Mr.Goodwrench-G.T. wrote:Says the guy with no substantive arguments, just flapping hearsay.
Mr.Goodwrench-G.T. wrote:Don't you ever get tired of being a hypocrite?
Greedy Capitalist Pig wrote:Mr.Goodwrench-G.T. wrote:Says the guy with no substantive arguments, just flapping hearsay.
FYI, a substantive argument is one where not only is information posted, but an explanation in the poster's own words is given as to why it supports the point
Greedy Capitalist Pig wrote:Mr.Goodwrench-G.T. wrote:Don't you ever get tired of being a hypocrite?
Don't you ever get tired of looking like an incompetent idiot, who can not substantiate a statement like this?
Quote:
Do You Support Obama's Health Care Plan? (105,324 Respondents)
Do you support President Obama's and the Democrat's plan for universal health care?
# Yes
27,960 (26.54
# No
77,385 (73.46
Do you believe the Democratic health plan should include 45 million uninsured, including illegal aliens?
# Yes, should include 45 million.
20,335 (19.49
# No, should not.
83,981 (80.51
Do you approve of President Obama�s handling of health care reform?
# Yes
27,045 (26.00
# No
76,983 (74.00
Do you believe Obama�s health care plan is too expensive?
# Yes
78,351 (75.14
# No
25,926 (24.86
Do you agree that new health care costs should be paid for by increasing taxes on the "wealthy"?
# Yes, increase taxes on the wealthy.
30,776 (29.61
# No, don't increase taxes.
73,167 (70.39
If you were allowed to join the public health care system at rates cheaper than your private insurance, would you join it?
# Yes, I would join.
31,802 (30.69
# No I would not join.
71,807 (69.31
sndsgood wrote:goodwrench and shorthand.
what is the percentage of profit the pharmacuitical companies and oil companies generate?
mitdr774 wrote:sndsgood wrote:goodwrench and shorthand.
what is the percentage of profit the pharmacuitical companies and oil companies generate?
Last I saw.....less than many other companies in other market sectors.
Mr.Goodwrench-G.T. wrote:http://www.usnews.com/articles/business/economy/2008/02/01/exxons-profits-measuring-a-record-windfall.html
Quote:
On the margin. The oil industry urges people to look beyond its profits to its profit margin: about 7.6 percent of revenues late last year. That's not much higher than the 5.8 percent profit margin for all U.S. manufacturing, and 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.
Greedy Capitalist Pig wrote:Actually, if you read the links he posted, his numbers aren't substantiated even there. The most glaring is the oil.
Mr.Goodwrench-G.T. wrote:http://www.usnews.com/articles/business/economy/2008/02/01/exxons-profits-measuring-a-record-windfall.html
Quote:
On the margin. The oil industry urges people to look beyond its profits to its profit margin: about 7.6 percent of revenues late last year. That's not much higher than the 5.8 percent profit margin for all U.S. manufacturing, and 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.
Holy sh!t, they got to keep 7.6 cents for every dollar they took in? Thieving bastards!
Wait a minute, that's lower than most manufacturers. Dammit! Now we need to go after them! They're keeping almost a whole dime for every dollar they take in!
sndsgood wrote:so oil is only making 12-15% profit +/-. that right there kinda makes me laugh. now 33% is pretty good but not exactly raping you. and as you said, that was just the highest, which means there could be allot of companies down in the 10-15% profit margin, which isnt that tremendous. so many people scream about these companies stealing money when they are just turning a standard profit.
Quote:
Once again its been a while, but last i looked Microsoft was at 24.6 cents on the dollar. Yet nobody is concerned with their "evil practice of screwing over their customers". Before anyone says that we dont have to depend on Microsoft...how many businesses and organizations use Microsoft software, depend on it to be able to operate so they can turn a profit, and have to rely on the updates everytime a new worm or virus comes out that has found yet another hole in the Microsoft software? Could you imagine the cost to change over to another system?
Mr.Goodwrench-G.T. wrote:The problem arises like I said before, when you have no out or option in avoiding paying high prices, it is almost a monopoly, but not there yet...Anyone else smell the hypocrisy there?
...The day that Microsoft raises the price of a $200-$300 software to $5,000 tell me later that there will not be a outrage. Wait, there are other companies that have O/S too, flocks will jump to them if the price right, if the other O/S does the same to charge $5k for a program that is worth $200-$300, tell me what we are going to do? Go back to pen/paper? It is a extreme outlook in retaliation, but that option is there, oil on the hand we barely have an option to retaliate. That's how oil affect us/economy so directly and should be monitored to prevent catastrophes.
Greedy Capitalist Pig wrote:Mr.Goodwrench-G.T. wrote:The problem arises like I said before, when you have no out or option in avoiding paying high prices, it is almost a monopoly, but not there yet...Anyone else smell the hypocrisy there?
...The day that Microsoft raises the price of a $200-$300 software to $5,000 tell me later that there will not be a outrage. Wait, there are other companies that have O/S too, flocks will jump to them if the price right, if the other O/S does the same to charge $5k for a program that is worth $200-$300, tell me what we are going to do? Go back to pen/paper? It is a extreme outlook in retaliation, but that option is there, oil on the hand we barely have an option to retaliate. That's how oil affect us/economy so directly and should be monitored to prevent catastrophes.
There are so many things wrong with your position here it's a complete joke. You're saying that the oil companies, who get to keep a measly 7.6 cents on ever dollar they take in, are evil and have "almost a monopoly", but somehow it's fine for Microsoft to keep almost a quarter for every dollar they take in, because they don't have as much of a stranglehold on our economy as the oil companies? Do you listen to yourself, ever? Personally, while I don't have any like for Gates and his views, if his company can make a decent net profit in the market, good for him. But you can't say that's fine, but not for the oil companies.
If the oil companies were so evil, and had such a monopoly on it, as you say, surely they would be pulling larger net profits than single digits. Your logic doesn't even support itself, let alone your position in this debate. If anything, your argument for Microsoft would support them having more of a monopoly in their market, since they make higher percentages in profits.
The answer as to why no one bitches about Microsoft? Look at who Bill Gates' friends are, and what he stands for. It's an easy picture to see.
Mr.Goodwrench-G.T. wrote:
In 2000, the drug industry's median profit—the middle point between the most and least profitable of the 12 drug companies included—was 19 percent
sndsgood wrote:what you really mean is that even though the u.s. has no real desire to get itself off oil and no real desire to find an alternative oil companies should not be allowed to profit at all right? at 7-5% profit they are barely proffiting.
Wade Jarvis wrote:I think we have plenty of crap wrong with our health care system that needs to be addressed. I don't think that rushing new legislation to insure everyone is going to fix things. That money has to come from somewhere and with our national debt and printing of money NOW IS NOT THE TIME! I honestly believe it will only make them worse and add new problems. health care is available to anyone. You can not be turned down because you do not have the ability to pay. Many of the "un-insured" are that way by choice! America was not founded on provide for every single person it was founded on every single person having the opportunity which they do have. It was never meant to be a socialized nation. If you are not willing to work for what you want then shut up or GTFO. The United States is not stopping you from moving to a more socialized country.
Quote:
sndsgood wrote:so oil is only making 12-15% profit +/-. that right there kinda makes me laugh. now 33% is pretty good but not exactly raping you. and as you said, that was just the highest, which means there could be allot of companies down in the 10-15% profit margin, which isnt that tremendous. so many people scream about these companies stealing money when they are just turning a standard profit.
sndsgood wrote:
now heck lets figure in the fact that americans this last year have cut back on driving and consumption and are consuming about 4% less oil then a few years back and you have oil companies who are looking to make a measly 3-4% this year.
but i know its there strangle hold. the oil companies are forcing us to buy their oil. what you really mean is that even though the u.s. has no real desire to get itself off oil and no real desire to find an alternative oil companies should not be allowed to profit at all right? at 7-5% profit they are barely proffiting. all you do is look at the big number and dont realise they arn't profitting that much. bye the mere fact you think its totally cool for one company to make 24% profit and want to put sanctions on a company that only profits in the single digits is laughable.
Quote:
Oil Industry Profit Review 2007
Summary
Increases in the price of crude oil that began in 2004 pushed the spot price of West Texas Intermediate (WTI), a key oil in determining market prices, to nearly $100 per barrel in the third quarter of 2007. Tight market conditions persisted through the remainder of 2007, with demand growth in China, India, and other parts of the developing world continuing. Uncertain supply related to political unrest in
Nigeria, Venezuela, Iraq, and other places continued to threaten the market and contribute to a psychology that pushed up prices.
The decline of the value of the U.S. dollar on world currency markets, as well as the investment strategies of financial firms on the oil futures markets, has also been identified by some as factors in the high price of oil.The profits of the five major integrated oil companies remained high in 2007, as they generally accounted for approximately 75% of both revenues and net incomes. For this group of firms, oil production led the way as the most profitable segment of the market, even though oil and gas production growth was not strong. The refining segment of the market performed relatively poorly.Independent oil and natural gas producers are small relative to the integrated oil companies, and their financial performance was weaker, with more than half of the firms reporting declines in net income. Independent refiners and marketers also experienced a difficult year that was reflected in profits in 2007. The combination of high crude oil prices that raised their costs and the inability to quickly pass cost increases on to consumers lowered refining margins, resulting in generally declining profits. The potential volatility of the world oil and financial markets, coupled with the weakness of the U.S. and other economies, makes any profit forecast for 2008 highly speculative. While continued high oil prices are likely — the price of oil reached $110 per barrel in the first quarter of 2008 — the ability of the industry to pass those prices on to consumers of gasoline and other products during 2008 is uncertain dueto possibly weakening demand.
In 2007, the oil industry recorded revenues of approximately $1.9 trillion, of which 78% was accounted for by the five major integrated oil companies. Profits for the industry totaled over $155 billion, 75% of which were earned by the five major oil companies, with the largest, ExxonMobil, earning over 25% of the total profit. Although the financial results for the industry were at record levels, the performance
of different sectors of the industry varied, as did the performance of individual companies within those sectors, leaving some firms as relative under-performers compared to the industry leaders.