To: MCCRon58
Why then, he might have to recant 90% of his diatribes these last 2 months. Thankfully, I rarely watch him. I had the tv on "mute" and saw Ben Stein was on...I like Ben, so I tuned it in. O'Reilly was really really REALLY about as off base as one can get.
The utter stupidity about supply and demand in this country amazes me.
I am not wealthy--just a basic middle class American--and I am not freaked out about gas prices. O'Reilly ought to be ashamed.
10 posted on
11/08/2005 6:00:25 PM PST by
Recovering_Democrat
(I am SO glad to no longer be associated with the party of Dependence on Government!)
To: Recovering_Democrat
I am to the right of Attila the Hun, but the mega-mergers in the oil industry have destroyed competition. During the early twentieth century, the government broke up Standard Oil into five separate companies. Four of the five are joined again. Exxon (Standard of NJ) merged with Mobil (Standard of NY). BP (which bought Standard of Ohio) merged with AMOCO (Standard of Indiana). You have Conoco Philips and Texaco was acquired by another of the giants. CITGO is Venzulean owned.
Say what you want, since the oil companies reported record profits and O'Reilly and others started bashing them for price gouging, the price of regular has dropped 80 cents, while the price of a barrel of oil barely changed.
You can only have a free market economy if you have competition.
20 posted on
11/08/2005 6:12:44 PM PST by
BW2221
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