I've been reading lots of articles here about the evils of price controls. This is good news too. To paraphrase Gordon Gekko, "Gouging is good."
It won't be long before the Whiners show up and start complaining about the evil oil companies who randomly jack up prices (yet for some unexplained reason allowed them to fall for the last two days).
Those that can, do. Those that cannot, become democrats and occupy a Senate seat in NY or MA.
I don't notice idiot Cantwell mentioning the recent Washington State gas tax increase of 5 cents a gallon. How about state Governors follow the example of Mississippi?
I don't notice idiot Cantwell mentioning the recent Washington State gas tax increase of 5 cents a gallon. How about state Governors follow the example of Mississippi?
Any update on how price controls at the wholsale level are working in Hawaii?
Consumers who rushed to fill their tanks were making the wrong decision, imo.
They should half-fill their tanks.
Then, when they find the lowest-priced gasoline they should take that little bit of extra time to pull over and top off.
Pick the best price OR only a half of a sale. It sends a double economics message.
What idiots.
If you don't use that as a tagline, I'm going to steal it. LOL
I've been driving the last three days in western Kansas and Eastern Colorado, and saw something I haven't seen for years --- the rebirth of the oil industry there.
These aren't your Saudi/Texas style gushers, they are mom-and-pop low-to-mid yeild stripper wells, plinking along at a few barrels a day. At $30-a-barrel prices, it's barely economical to run them at all, so you rarely saw even half of them in action.
Now, with oil at $50 or $60, I estimated 80 to 90 percent of the wells pumping. I even saw several drilling rigs sinking new wells, a welcome sight in an area where population is shrinking and half of every town's windows are boarded up.
Fixed it...