[lbo-talk] Chomsky: Israel Lobby ?

Doug Henwood dhenwood at panix.com
Thu Mar 30 16:22:06 PST 2006


Seth Ackerman wrote:


>I never understood the link between oil prices and oil corp profits.
>(I've seen N & B's charts.) Aren't the companies mostly involved in
>marketing and refining now? Why should their profits go up along
>with crude prices?

They do, as an empirical fact. It must be a markup thing - 5% on $60 oil is a lot more than 5% on $20 oil.

Doug



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