RK

Houston to Obama: Smell the Oil

why is 30% net profit margin obscene? did anyone look at Microsoft's? the government is no good at regulating the 'right' level of net profit. the right level depends on the industry. let the capital market figure out the right level of profit margin for the thousands of industries and their sub-niches.

Crude Report Stumps Analysts

The lower utilization number from refiners seems significant. It supports the theory that oil companies are expecting the demand to slacken in face of the high retail prices. Seasonal norm may not hold when people (in CA anyhow) are looking at the approach of $5/gallon gas.