28 Apr

Everybody Hates Big Oil, But How Come Nobody Hates Big Consumer Electronics?

Mark Perry has an interesting juxtaposition of key tax and revenue numbers for energy industry giant Exxon, and consumer electronics giant Apple.

Note that Apple has a much, much higher profit margin than Exxon, which is considered to be the evilest of evil big oil:

Obviously, Exxon has much more overall revenue, but then the energy industry also has much more intensive overhead than the consumer electronics industry.

The point is, for all the blather about evil “big oil” and its windfall profits, Apple (a company much more beloved to the American public) has a much higher profit margin.

What gives?

The answer is that the left wants to control our energy.

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About Curt

Curt served in the Marine Corps for four years and has been a law enforcement officer in Los Angeles for the last 24 years.

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