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. Energy, in a modern economy, is freedom given that just about everything we do is dependent on some form of fossil fuel energy. The left wants to control that energy, either to enrich their friends in the green industry or just to control society in general, and so they’ve run a hate campaign against fossil fuel companies for decades now.
Tags: apple, big oil, exxon
