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I should imagine pretty much everything will continue to skyrocket (in price) until you find a way of manufacturing it without oil. It's a finite resource and in one hundred years we've managed to burn half of what took several million years to create.
Getting pissed over domestic petroleum prices is just the tip of the iceberg. |
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If your tidy, left wing conspiracy is is true, could you please explain to me when the Middle East producers stopped being the ones to set the price per barrel? |
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It isn't a conspiracy, it's the Big Oil companies trying to make as much money as they can, which is the purpose of any company. Whether it's ethical or not is another matter. |
I seem to recall that 30 years ago there was massive fuel price fluctuation and all the oil people got rich
and there was great gnashing of teeth and calling for special taxes on the bad rich people and then 15 years ago there was no fluctuation and status quo and the oil people were all going bust and nobody called for any special taxes on them because all of Texas was in recession and now there is fluctuation and all the oil people are making money again. I do not advise moving to Texas. |
It's also interesting to note that a large portion of the "oil people" here in Texas is the state University system. Lower oil profits means less money for public higher education. The anti-corporation folks really squirm when you bring that up. :)
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Does anyone here believe there is any such thing as an obscene amount of profits? |
As a libertarian, Patrick, no I don't. Also as a libertarian, if I don't like their prices, I vote with my wallet for something else. Hell, I've got a bicycle. The Oxnard metro area is flat terrain.
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I don't have a problem with luxury items having huge profit margins. But necessities shouldn't have obscene profit margins. If a monopoly exists that allows huge profits on necessities, then the government should break up that monopoly. |
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Another reason for the huge profit numbers is the size of the companies. All the mergers have lessened the competition and with fewer companies come bigger market shares. :(
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But that's good, right?
Didn't our government go to some rather extraordinary lengths to break up giant monopolies about twenty years ago? What the fuck has changed that it is now a good thing? |
Bush. :eyebrow:
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