"HK" wrote in message
...
JoeSpareBedroom wrote:
"HK" wrote in message
...
Eisboch wrote:
"HK" wrote in message
...
I'll bet that Dicque Cheney is working right now with his "BIG OIL"
buddies to try to knock the price of gas down temporarily two weeks
before the November elections.

Sure he is Harry. Sure he is.

The blame for the price of oil doesn't reside with politicians, current
or past.
The blame resides with us.

Eisboch

I think a steep "excess profits tax" would tighten things up a hair,
that and members representing the public and responsible to it sitting
on big oil boards.


Excess profits in what terms? Straight dollars, or percentage? It really
wouldn't matter. Unlike the vast majority of businesses, crude oil is
priced by a gambling parlor. Even if you (and I mean YOU specifically)
could somehow control the profits of the oil companies, they still have
to buy crude at prices determined by sheer lunacy.

"Big Oil" helps set the price of the crude it buys. You think it doesn't
have "partners" sitting on the OPEC committees?

So if you (and millions of others) buy less, they need to buy less and the
prices fall.