Gasoline prices - another record high/ supply and demand
On Mon, 31 Jul 2006 22:25:00 GMT, "JoeSpareBedroom"
wrote:
"Jack Goff" wrote in message
.. .
On Mon, 31 Jul 2006 11:11:11 GMT, "JoeSpareBedroom"
wrote:
"Jack Goff" wrote in message
...
On Mon, 31 Jul 2006 06:18:21 GMT, "JoeSpareBedroom"
wrote:
"Jack Goff" wrote in message
om...
On Sun, 30 Jul 2006 14:50:32 GMT, "JoeSpareBedroom"
wrote:
34% return on your money? Again, Trump would love that kind of
profit!
It's not all that unusual in some businesses. But, there seems to be a
magic
number, beyond which some people think it's excessive. Even the oil
industries profits would not be considered outrageous, if the absolute
price
(which we pay) wasn't out of hand.
But it's not at all unreasonable. We pay about *half* of what the
European countries pay per gallon. I don't like paying it, but maybe
you'd like to explain how the US price is "out of hand", especially
compared to the rest of the world?
A sentient being would understand why what you have said is completely
illogical.
So you can't back up your statement, huh? That's OK.
That bit about Europe - do you think it means we should realize how good
we've go it here, and stop complaining?
Bzzzt. I asked first, and you haven't answered. Explain how the US
price is "out of hand".
The price elsewhere is completely irrelevant. That's your answer to the
Europe issue. As far as the price here, 25% to 35% of it consists of trading
excess, like tech stocks before the bottom fell out. For stocks, it doesn't
matter, because nobody is required to own them. For oil, the design of our
country (which only gets worse) mandates its use. The oil companies, knowing
this, do whatever they want with the price. That's a crime, and should be
dealt with.
What would you do, Doug?
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John
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