[MNJohnnie]

Let see if I have this correct? According to Congressional Democrats I am suppose to be outraged that “Big Oil” “gouges” me for $.10 a gallon in profit from each gallon of gas, but I am just suppose just tug the forelock and grin and say “thankee Master” when the Govt takes $.50 out of my pocket for the SAME gallon of gas?

[kjo]

You make a good point. But there’s still something funny going on. How come there paragons of free enterprise, the oil companies, don’t compete with one another?

As somebody said last year on one of Rush’s shows, how come our mailboxes are not full of Shell and Exxon coupons like Domino’s and Pizza Hut?

Something is wrong in this “market”.

[Verginius Rufus]

Ten-year prison terms for charging too much for gas? Maybe Stupak should read about Diocletian's edict of prices, which tried to stop inflation by threatening those who charged more than the permitted amount with the death penalty. That didn't work either.

Of course, Diocletian was simply ignorant about economics--he wasn't running for re-election on a program of bashing big business.

[ridesthemiles]

Funny how Wall Street Journal cannot connect the dots between the high price of a barrel of crude with the commodity traders under their noses on Wall Street......

Someone is getting rich, and it is the TRADERS in OIL COMMODITIES... NOT the oil companies.
The oil company profits are the same PERCENTAGE they have always been. The higher the price, using the same percentage, still gets higher $$$’s of profits. But, not a higher percentage.
EVERY business has a basic perdentage of profits they strive for. You have to have profit and capital for future expansion and other operating costs.

As my brother says- When you get to sign the FRONT of a paycheck, you get a different perspective on the whole thing. Any fool can sign the back side of a paycheck...even an illegal intruder who doesn’t speak English.