Oct 22, 2012
It looks like you are wrong--a lot. If you think the refineries only make about .10 and that's all the big oil companies make, I have swamp land to sell you right next to a big bridge. Refining is only one component of oil profits. In our area they just split the refinery away from the pipeline segment, the exploration segment, and the wholesale retail segment ALL of which makes a profits for the overall corp.To pretend they are making $Billions off 10 cents is more than naive.