Larry Jaques wrote:
On Tue, 04 May 2010 08:21:22 -0400, Jack Stein
wrote the following:
wrote:
Oh, the recent spike in gasoline prices? Nothing to do with supply and
demand, and everything to do with unregulated market speculators.
I'm still stuck on the fact the government makes more profit on a gallon
of gas than the people that invested 100's of billions to get the gas to
the pumps...
Why do you think they don't try to reduce prices on oil?
Who is "they"?
If you look at all thats involved in getting oil out of the ground,
refined into gas, distributed to the pumps, and sell it at far less than
Pepsi, Coke, Water and other significant products AFTER taxing the ****
out of it, I generally think about how "they" manage to keep the price
so low.
They make a
percentage, so the higher that is, the more money they rake in.
Thats pretty much how everything works. The percentage raked in by the
oil companies is far, far less than that raked in by Coke, Pepsi, Polar
water, MicroSloth, and a slew of other companies. Oil companies
generally rake in less than 7% profit, BP will rake in a whole lot less
than that this year.
I'd be happy if the courts ruled out non-physical trading. One source
said that oil had been traded up to 100 times on paper, each with
profits, before it actually moved from one point to another, source to
purchaser. That's a lot of useless markup.
The truth is, Ali Bama, AlGore and the gang won't rest until gas is
around $8 gallon so they can sell their hot air fans to the unsuspecting
public.
--
Jack
Got Change: Inconvenient Truth ===== Convenient Lies!
http://jbstein.com