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To: blueberry12

While there are upward pressures on the cost of refined products, the price of crude is nothing but pure greed. Even the Saudis are admitting (amazingly) that the price is synthetically too high. (while they laugh all the way to the bank...)


3 posted on 09/01/2005 9:15:13 AM PDT by EagleUSA
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To: EagleUSA
While there are upward pressures on the cost of refined products, the price of crude is nothing but pure greed. Even the Saudis are admitting (amazingly) that the price is synthetically too high.

All prices are "synthetically" high: if another refinery were built, there would less upward pressure on gas prices. If IBM (now Lenovo) were to build an extra plant, there would be no waiting list for certain notebook computers they produce.

The point is, that both the demand and the supply sides have reasons for either changing or leaving their decisions unchanged when the environment changes.

In contrast, greed is an irrational emotion. Before you accuse someone of that, YOU have to show that decisions --- whether those of Saudis of gas station owners --- are irrational. Short of that, it is YOU who is doing something immoral, namely, accusing someone without evidence.

36 posted on 09/01/2005 9:37:03 AM PDT by ExitPurgamentum
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To: EagleUSA
that the price is synthetically too high.

So the prices aren't real? People aren't paying them?

163 posted on 09/01/2005 12:16:41 PM PDT by Protagoras (My liberal neighbor is more dangerous to my freedom than Osama Bin Laden.)
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