In article , payer3389
@mypacks.net says...

BAR wrote:
In article8tqdned7uv_i2ynQnZ2dnUVZ_q6dnZ2d@earthlink .com, payer3389
@mypacks.net says...
Wayne B wrote:
On Sun, 24 Apr 2011 08:36:48 -0400, Gene
wrote:

uh no. it's speculators. they caused a similar run up under the white
guy who preceded the guy you hate because he's black
Damn speculators.

Why aren't more people doing it? Let's go halves on a tanker load and
resell it on EBAY. Anybody else want in on the deal? We're going to
need a dock, tank farm, distribution network, trucks, pipelines and a
whole sh*t load of permits. With some help from Wall Street we can
probably get 90 day financing.
Sorry, you are too late..... the guys that already had all of that are
reaping all the profits...... re-read that thing about frugality....
proactiveness is number one.....
Holding a big inventory of oil in your tank farm is not without risk
and it takes massive investments in time and money to build the
infrastructure. Not surprisingly, the people who make those
investments expect to earn a profit once in a while.


I haven't seen anyone suggesting earning a profit is illegal or immoral.
Questions arise when those profits become synonymous with rip-off, and
that's what the petrol industry is doing, ripping us off.

Where do you draw the line? When do profits become synonymous with rip-
off?

In regard to these big oil companies, I believe we crossed that line
years ago.

Further, there are so many ways to cook the books, so to speak, in
oil company bookkeeping, there's really no legitimate way to determine
what their real "profits" are. That's true, of course, with many larger
corporations, and their abilities to avoid paying taxes.

They must have finally learned from the Union bookkeepers. How to raid a
union pension fund and strike fund without going to jail.

I'm beginning to believe we ought to get out of the business of giving
away our oil and gas via cheap leases so the oil companies can turn
around and rape us. There are other ways to "produce" the goods so that
the ownership and profits are there to benefit the country and its
citizens.

Beyond cheap leases? Economics is beyond your ability to comprehend.