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Archive for the ‘Oil and Energy’ Category

Oil says “We’re only making about 7.7% profit — We do not consider that a windfall”

Wednesday, November 9th, 2005

Or is it? For a perspective the local grocery super-market operates on about a 1.5% profit margin Retail is something I know a little about. I worked in the industry for a decade in various levels of management. The oil companies are claiming that higher prices for crude are driving the pump-pricing ...