Big Oil is holding us to ransom, right?

Wrong

It’s Big Pharma and the Banksters.

Big Oil well

The average earnings as a percentage of turnover by oil companies over recent years is around 5%.

The average earnings as a percentage of turnover by the banks and the manufacturers of pharmaceuticals is around 20% !

So if you’re in need of $100,000 annual treatments for treatment for breast cancer, or if you’re an African with AIDS earning $1 a day, I hope you’ll be pleased that the drug manufacturers are doing so well.

The latest figures I’ve found courtesy of the BBC:
profit margins

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