tag:blogger.com,1999:blog-7608702.post597405331587942561..comments2023-10-25T08:46:20.242-05:00Comments on The Distributist Review: Obama: The Black Kerry?John Médaillehttp://www.blogger.com/profile/16463267750952578888noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7608702.post-26251212300711293732008-08-05T16:33:00.000-05:002008-08-05T16:33:00.000-05:00Jeremy, The number comes from the Exxon Mobil 2007...Jeremy, The number comes from the Exxon Mobil 2007 annual report, sort of. What they actually claim is a 42% return on <I>capital employed</I>. That seems to include borrowed funds, which would mean the return on investment is higher. And if you allow for accounting hanky-panky (like "deferred taxes"), that would seem to place real ROI at above 50%. <BR/><BR/>Even these numbers have a certain "smell" to them, since they claimed a 46% ROCE for 2005 and a 45% ROCE for 2006, when oil and gas were very much lower.John Médaillehttps://www.blogger.com/profile/16463267750952578888noreply@blogger.comtag:blogger.com,1999:blog-7608702.post-34819541395029517412008-08-05T15:59:00.000-05:002008-08-05T15:59:00.000-05:00Mr. Médaille, how do you arrive at that 50% return...Mr. Médaille, how do you arrive at that 50% return on oil drilling figure? Are you simply isolating the extraction and selling of oil and discounting any creative accounting the oil companies are doing?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7608702.post-73176983290683928532008-08-05T03:08:00.000-05:002008-08-05T03:08:00.000-05:00A brilliant entry.I particularly like this comment...A brilliant entry.<BR/><BR/>I particularly like this comment.<BR/><BR/>"Obama is turning out to be a black Kerry, unable to respond to even the crudest charges. Kerry, a decorated veteran, was unable to respond to the scurrilous charges of a draft-dodger"<BR/><BR/>It sums up the controversy over Kerry and his service quite well.<BR/><BR/>Personally I've found the coverage so far quite interesting. You watch Fox and you'd think Obama was on the ropes, change to CNN or other channels and it doesn't really look that way. It just shows that the "Fair and balanced" slogan is rubbish, although who didn't know that?Anonymousnoreply@blogger.com