A very good article about Big Oil and “windfall” profits and why the only reason the six major oil companies will be distributing some 60 percent of the net to their shareholders is because government policy mandates they do so.
But, hey …why concern oneself with the truth.
The story is titled “The Real Oil Crisis” and it’s on page A15 of today’s (12/28) Wall Street Journal (WSJ). It’s written by Holman W. Jenkins, Jr.
AND BY THE WAY. If you want to read a “real” newspaper, try the WSJ … even if you aren’t in business. You tend to get more facts in the WSJ regarding everything than in any other newspaper ... mainly because you can’t make business decisions based on opinion.
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