Posted on 05/31/2007 3:41:52 AM PDT by IrishMike
What to do about — choose the adjective — "spiraling," "skyrocketing," "out-of-control" gas prices? .................... A national morning show interviewer practically high-fived the governor of Florida for urging an investigation into "gouging." Meanwhile, over at one of the cable news networks, the "newsman" beat his desk, his chest and anything he could find to express his concern, outrage and downright indignation.
The California speaker of the State Assembly said that while he lacked evidence that oil companies engage in cheating, he still felt they did. Why? His gut told him so. In fact, over the last 20 years, 30 federal investigations seeking evidence of price manipulation or collusion came up with, uh, well, a dry hole.
But the conspiracy theorists press on. Sen. Chuck Schumer, D-N.Y., asked the Government Accountability Office to conduct an investigation. A year ago, he asked the Federal Trade Commission to investigate. By then, the FTC had already conducted two investigations, uncovering no evidence of unfair business practices. But, who knows? Maybe the oil company CEOs pulled a Sandy Berger, and stuffed damning evidence in their pants. So, by all means, let's look harder.
The mainscream media reports on the "outrageous," "unacceptable," "unjustifiable" "record profits." Never mind that following price peaks in 1981, low crude and gas prices during the '80s and '90s bankrupted some oil companies. But that was then. Today, Exxon Mobil, Chevron and ConocoPhillips earn tens of billions of dollars annually in profits that "defy common sense."
Why bother reporting that, with Big Oil profits at eight to 10 cents on the dollar, other companies and industry sectors earn more — including, for example, Internet giant Google and the banking industry. In California, the state "earns" about 40 cents per gallon, with the feds' cut coming in at almost 19 cents.
(Excerpt) Read more at creators.com ...
You are the only one who can figure that out. Theire is no gas fairy available to make your choices work.
I’ve never heard of any such restriction...then again, I’ve never seen the price breakout listed on the pump. If I were selling gas and getting blamed for gouging, I’d post the info.”
and who the hell are you?
does MacDonalds break down the costs & profits of every hamburger they sell and post it on the box?
nooooooo....
gezzzzzzzz...the IQ level drops by the minute ‘round here.
instead of asking dumb questions, go to the library and/or go to the links I posted and educate yourself!
I’m sure as hell not going to waste my time here trying to educate you and others who are too lazy to educate themselves by actually READING the information available on the links I posted.
Hey Mike,
This is simple economics, Econ 101, SUPPLY & DEMAND.
.
Build more refineries, increase supply, (which lowers demand) leads to lower prices.
.
There..... done.
The truck? It's my daughter's, not mine. I'm lookin for a motorcycle.
Punk. I don’t need anything from you.
Putting it in a SUV..
Al
“Punk. I don’t need anything from you?”
then quit asking me. “punk” LMAO
RBOB gasoline $2.26, which is at least 15 cents off the peak of last week.
“spiraling,” “skyrocketing,” “out-of-control”
The most egregious use of this kind of spin I’ve seen in a while was a few weeks ago when AP Radio News announced that the Dow Jones had “Crashed through the 13000 barrier for the first time.”
Pull your panties out of your crack....get a midol....and just ignore the things you don't want to answer.
Of course, a bit of reading comprehension would lessen your angst.
Done.
Got proof of this gouging, or do you just have a 'gut feeling'?
I like your explination, keep it simple.
...when AP Radio News announced that the Dow Jones had “Crashed through the 13000 barrier for the first time.”
.
.
.
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We’re closer to 14,000 today.
DOW JONES INDUSTRIAL AVERAGE I ($INDU)
13,636.66 +3.58 (+0.03%)
What about getting a diesel? No gas needed. Millions have already gone this way.
what is it with you clowns...
you come on here, ask me questions and I give you the links to the answers of your questions and what do I get for my troubles? insults...
do me a favor and QUIT BOTHERING ME!
gezzzzzzzzzzzzzzzzzzzzzz
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