My friend Bill Loughrey has written a new book entitled Political Will that modestly attempts to answer the questions; "how America became great, what went wrong, and how to fix it?" I haven't finished reading the book yet, but I tip my hat to Bill for even trying to answer these great questions. I'll do a review when I finish it.
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.
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