Guys............While the oil companies are making RECORD profits, these profits are BASED on volume..........LOTS of VOLUME......Their average profit margin is about 7%. Don't believe me........look at their PUBLIC records. EVERY company files a stockholders report, and these are public.

NOW compare the OIL Companies with pretty much ANY OTHER INDUSTRY, and they are a BARGAIN by comparison. Places like Wal-Mart, K-Mart, Kroger, Marsh SuperMarkets, Big O, Ford, Chevy, etc, etc, etc....ALL have profit Margin HIGHER. SOME are approaching 20%.

SO......while oil is EXPENSIVE, it is a relative bargain compared to others.

Later,

Geo