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To: jtal
For someone who made a substantial fortune in a free market economy, he doesn't understand economics very well.

If you think OPEC and the other oil cartels, or even China, have anything to do with free markets, you're delusional.

27 posted on 05/03/2011 7:25:28 AM PDT by Prokopton
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To: Prokopton

Since he said “gas prices” and not “oil prices” I presume the object of his ire was the refining industry and not oil producing nations/cartels, yes?

When the raw material goes from $45/barrel (1/09) to $112/barrel (today) what should the refiners/retailers do?

Should they be compelled to sell gasoline at a loss?


58 posted on 05/03/2011 8:34:41 AM PDT by jtal
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