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.
MediaPost Publications - Americans Get More Channels, Watch Fewer Of Them, Especially Broadcast - 03/13/2006 Ironically, Barry Schwartz spoke at PC Forum last night about the Paradox of Choice, and what did I wake up to this morning. Another possible example of too much choice in the channels people have to choose from on television. I wonder whether the "a la carte" crowd has thought about this problem. I'll have to ask Prof. Schwartz about that today.
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