Posted on 04/11/2005 5:58:56 PM PDT by OESY
Markets I thought failed in 1929 but heck im not a professor
I want to know when we are going to build at least one new refinery.
Not to worry, any day now our fearless Governator is going to be leading the charge for more refineries and relaxed enviornmental regulations. He knows how this is hurting the economy and working families. Any day now. Just you wait. Soon. Real soon.
Each time your local TV or Radio station does a story on gas prices, e-mail them and ask that they break out the actual tax per gallon in their report.
I heard on the news over the weekend that the government has finally approved another refinery being built for the first time in nearly 30 years. Unfortunately that's I'll I heard on the news.
Why would a business lower it's profit margins when it doesn't have to?
Modern Day Post-MBA capitalism is based on sucking the as much as possible from the Workers, the Investors and the Consumers without killing them off.
People aren't in business in order to make other people's lives better, they are in it to make as much money for the least amount of work.
The market collapsed because stocks were grossly over-valued. That's not a failure of the market. Instead, it's a market doing what it is supposed to do -- undergo constant correction to reflect real value.
The market collapse turned into the Great Depression, instead of a recession, because government policies in response to the market's collapse were bass-ackward.
a. Taxes were raised, inhibiting any economic recovery.
b. Tariffs were increased, depressing world trade and, thus, economic activity.
Ergo, the market collapsed (correctly). Then, the government's economic policy failed.
"...Markets, I thought, failed in 1929..."
No, the government blew up the economy in 1929.
That's what happens when socialists meddle with capitalism.
Free markets don't fail, or not as often anyway. The trick is to know what is meant by free market. An unregulated market is not free.
The oil companies aren't poor, innocent victims of high oil prices. They simply pass their costs to the consumers, the ultimate (and often poor) victims of regulatory costs and excessive taxation.
The reason, the ONLY reason, for the gasoline prices today is the bleeping regulatory EPA and the bleeping evironazis.
Bleep them all, bleep it!
The market did what it should have done--collapsed under the weight of sheer speculation after the value of the goods traded were resassessed conservatively and found wanting. There were a lot more people trying to get something for nothing (i.e., with other people's money) who got caught on margin when the Fed decided to f around with interest rates.
SOME ADDITIONAL AMMUNITION:
Think a gallon of gas is expensive?
This puts things in perspective.
Diet Snapple -- 16 oz $1.29 ...... $10.32 per gallon
Lipton Ice Tea -- 16 oz $1.19 ...........$9.52 per gallon
Gatorade -- 20 oz $1.59 .... $10.17 per gallon
Ocean Spray -- 16 oz $1.25 ......... $10.00 per gallon
Brake Fluid -- 12 oz $3.15 ........... $33.60 per gallon
Vick's Nyquil -- 6 oz $8.35 ... $178.13 per gallon
Pepto Bismol -- 4 oz $3.85 .... $123.20 per gallon
Whiteout -- 7 oz $1.39 ....... . $25.42 per gallon
Scope -- 1.5 oz $0.99 $84.48 per gallon
And this is the REAL KICKER...
Evian water 9 oz $1.49..........$21.19 per gallon?! $21.19 for WATER - and the buyers don't even know the source. (Evian spelled backwards is Naive.)
So, the next time you're at the pump, be glad your car doesn't run on water, Scope, or Whiteout, or God forbid Pepto Bismal or Nyquil.
SO WHY HAS CONGRESS NOT PASSED THE PRESIDENT'S ENERGY BILL? THEY HAVE HAD FIVE YEARS.
"People aren't in business in order to make other people's lives better, they are in it to make as much money for the least amount of work."
You say that like it's a bad thing.
Poor Ahnold....he can't help it. He was born with a green streak.
He'll see to it that the refinerires are built in Mehheeco....I mean they'll give Kaleephornia the gas for free ....won't they?
Maybe someone can tell me why diesel, the cheapest fuel to refine, is the most expensive at the pump.
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