Dave Ramsey on "Windfall Profits"

Windfall profits seems to be a really popular phrase used by the left to especially demonize oil companies. The fact that they don't know the difference between a profit and a profit margin shows that liberals lack basic economic understanding. When a company sells billions of gallons of gasoline, they will earn billions of dollars. When the oil companies make roughly 8 cents per gallon and the state/federal government combined earns up to 70 cents, who is really making the windfall profits?

Category:

News & Politics

Tags:

• dave
• ramsey
• windfall
• profits
• margin
• big
• oil
• show
• republican
• liberal
• exxon
• mobil
• shell
• bp

[CPAsheldon]

I've been thinking about how wrong it is for our government to define windfall profits. The video "Walter E Williams - Economics of Liberty" is excellent at explaining how all transactions on a free market are win/win. We win everytime we pay for something, because we don't know how to get what we want at the moment for any less $. Oil companies are helping our economy work, so don't punish them. Start new competition, but don't drive them out of business.

[BATCH420]

If only we could gather up all the liberal bullshit being spewed across the mid-stream media and somehow convert it into gasoline. Then we would definitely be energy independent.

I love Dave.

[dynamitemike65]

It's not the govt that sets oil prices, it's speculators. Yes they do get it wrong on occasions but commodities are all done on speculation.

Little FYI, oil can only be bought in dollars, the dollar is becoming so weak that China and Russia have quit using dollars to make purchases with each other. Oil is the only reason the dollar has any real value now. If they quit buying oil with US dollars the US will become a 3rd world country overnight because there will be no use for it anymore.

[Paladin1warrior]

@dynamitemike65 Making profit is one thing. But when the price if over inflated because of regulation I want to riot against government.

[snuckyr]

how does this make sense?!? get your freaking water out of the tab and grind your own freaking beans at costco, 1lbs for $5. makes a 100 gallons of coffee. costs a few cents.

gas is $3/gallon and i can't get for any less

[ZeroTemp]

This IDIOT sounds more like Rush Limbaugh everyday.

For a guy that gives so much financial advice, how come he doesn't understand that the price of gas went up because of shares being sold on financial market?

This idiot tells people to buy mutual funds and claims to have some himself that 17% interest... and then the economy collapses. LOL, this clown supported all that republican crap before the collapse.

[BATCH420]

Fiat currencies always fail. Don't expect the dollar to be invincible.

[tdot22]

You Americans ARE Energy independent. ALL OPEC NATIONS, ALL OPEC NATIONS, exception of Veneuela & Iran price their OIL in US$ that means Kuwait, Saudi Arabia, Oman, Unitad Arab Emirates, Qatar a ONLY accept US$ for their oil

If anyone wants oil they need $US from you which u are printing like there is no tommorow. Your $ is backed by Muslim Oil, if you start getting funny with that, other countries will copy the "alternative techs" and wont need oil, thus tanking your economy and OPECS too.

[John04Civic]

Wait... Hold on... Dave owns GTA IV?? SWEET! I love that game!

[gonygonygo]

RACK THIS GUY!!!