"The government of the United States is a definite government, confined to specified objects. It is not like the state governments, whose powers are more general. Charity is no part of the legislative duty of the government."

-- James Madison (speech in the House of Representatives, 10 January 1794)

Sunday, February 3, 2008

The Shell truth and nothing but the truth

So I looked up the particulars of Shell oil's profits last night, took me all of 5min, the link is below. If you look at the balance sheet you can determine not only their profit for the whole of last year ($31,331,000,000.00US), but also all of the other financials of the company. Several things here; first when determining the value of any particular fact it is always important to ask yourself, "compared to what?" In other words realize the truth that things do not happen in a vacuum, but rather in a contextual relationship with their surroundings. In the case of profits, they are always, by any business person worth their salt, compared to the revenue created by the company's actions. In Shell Oil's case, they had total revenues in 2007 of ($355,782,000,000US). This means that their total profit margin for fiscal 2007 was 8.8%, by no means or any standard does this illustrate gauging.

Never forget, a politician does not want to help you ... they want your vote.

Shell by the #'s

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