I figured this didn't belong in OT so, here goes...
Gasoline now hitting stations was already produced. Prices went up 55 cents per gallon (here). That's 55 cents of extra profit per gallon.
a. What is the normal profit per gallon?
b. Does this amount of excess profit offset future loss of profits because of declining production ability?
c. Hey, with your employees receiving unemployment while your refineries are offline, you've cut expenses there too!
Please, try to answer a. and b.
Is this good news for the oil industry? Or bad news?
(and, didn't their stocks just go up?)
Gasoline now hitting stations was already produced. Prices went up 55 cents per gallon (here). That's 55 cents of extra profit per gallon.
a. What is the normal profit per gallon?
b. Does this amount of excess profit offset future loss of profits because of declining production ability?
c. Hey, with your employees receiving unemployment while your refineries are offline, you've cut expenses there too!
Please, try to answer a. and b.
Is this good news for the oil industry? Or bad news?
(and, didn't their stocks just go up?)