Re: E-85

FMD wrote to Bill - "Perhaps you should re read what I wrote Bill. I didnt say huge dividends. I said huge profits. For someone as worldly as yourself, you should know there is a difference."

Hmmm, I could swear that you wrote - "The business that I am in, our profit margins is only 5 percent and that is without using 29.6 BILLION in buying our own stock back to boost the company profit margins for bigger dividends."

That sure sounds like you are saying "bigger dividends" is a significant motivation for the oil companies buying back their own stock. What am I missing in "buying our own stock back to boost the company profit margins for bigger dividends."?