I got tired of the hype about "excess" oil company profits and decided to get the facts. It turns out that the oil and gas industry generally is near the middle of the pack of American industries earning about 8% on sales in the 3rd quarter of 2005 as compared to the average of about 6.5%, but far lower than, for example, the semiconductor industry which earned about 14% on sales in the same period, or pharma & banks which both earned more than 18% on sales.
My wife Joy and I celebrated our 40 th wedding anniversary this past weekend with our children and grand-children. We were on lovely Sea Island, Georgia watching this spectacular sunrise and wondering how it was possible that forty years could have gone by so quickly. We had a lot of fun telling all the old stories about how we met, and courted, and married, and brought up the kids. Lots of laughs and a few tears as well. We've been through good times and bad together. We've both worked hard, had a few disappointments, but basically have accomplished mostly good things. We've had good health, loving families, good friends, three fine sons we're very proud of, wonderful daughter's-in-law who are perfect for our boys, and four of the best grandchildren ever. Life doesn't really get any better than that. We've really been blessed and we thank God for that. Now we're working to keep our health and live to celebrate forty more.
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