I hear people referring to the millions in profit they make every year and the fact that it's been at record numbers but I'm not sure. I mean if you google these companies you find not only do they employ millions they are all willingly trying to clean up refineries and all processes, they are contributing to the ecological nut fantasies and they help schools locally with grants and donations. It must be the profits. The numbers do sound large but did you know the average profit for these companies in this industry is about 8%
Apple makes up to 49 % profit on just their Ipad alone. Go figure.....
Liberals, would you like to spin this one?
Answer by specialwingz at 1:16 PM on Apr. 20, 2011
Answer by mrsmom110 at 1:17 PM on Apr. 20, 2011
Answer by specialwingz at 1:25 PM on Apr. 20, 2011
This is from BP's website. If their profits have risen 135% (and that was last year, they predict doing even better this year) there is no reason that consumer gas prices should have have almost doubled. $6,800,000,000 quarterly profits means there is no reason they need gigantic tax breaks and loopholes and sure as hell no reason they need to be subsidized by our federal tax dollars.
Answer by UpSheRises at 1:30 PM on Apr. 20, 2011
employ and donate at what cost? Having lived in Western Colorado, I've seen the damage drilling causes. Not to mention the dangers of fracking and deep sea drilling and transport of these products. Fracking pushes toxic chemicals into the soil and ground water.
"The documents reveal that the wastewater, which is sometimes hauled to sewage plants not designed to treat it and then discharged into rivers that supply drinking water, contains radioactivity at levels higher than previously known and far higher than the level that federal regulators say is safe for these treatment plants to handle.
The Times also found never-reported studies by the EPA and a confidential study by the drilling industry that all concluded that radioactivity in drilling waste cannot be fully diluted in rivers and other waterways.
Answer by adnilm at 1:38 PM on Apr. 20, 2011
Answer by gemgem at 1:38 PM on Apr. 20, 2011
Answer by Anonymous at 1:40 PM on Apr. 20, 2011
Answer by jewjewbee at 1:46 PM on Apr. 20, 2011
Is this a serious question really? It has nothing to with profit, it is how they make their profit. Why do yo think they want to abolish the EPA. They want to be able to do what ever they want for profit, even if means it will ruin the environment, for us and our children. If the gas companies get their way will we even have clean water to drink. Crooks are the ones who wish there were no laws. What do you call the people who want less regulation?
Answer by mommom2000 at 1:50 PM on Apr. 20, 2011
Answer by mrsmom110 at 1:50 PM on Apr. 20, 2011