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To: thatdewd
The usual theory of free market capitalism favors "seller can charge whatever buyers are willing to pay"over the "cost plus a fixed percentage for profit".

The problem often ignored is who sets what percentage as proper profit.

152 posted on 09/12/2008 6:48:29 PM PDT by hoosierham (Waddaya mean Freedom isn't free ?;will you take a creditcard?)
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To: hoosierham
The problem often ignored is who sets what percentage as proper profit.

Amen. In cases like this, when a national security issue such as energy is involved, I think the executive branch of government has a responsibility to protect The People from predatory extortion. That gasoline that they're selling now has NOT been affected by any supply and demand issues. They're using a storm as an excuse to extort money from The People for personal economic gain. Shame on them.

153 posted on 09/12/2008 7:00:03 PM PDT by thatdewd
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