Congressional inquiry of Oil industry profits

this is a much more complicated issue than simple economics yet it does come down to right or wrong dictating private business practices via government based on what we see fit. it goes against everything that our society is based on.

the oil companies supply a product. if its priced too high and it cant be afforded by its consumer base then it prices itself out of business. obviously demand is still much greater than supply therefore it does not apply here.

who are you to dictate what their profit margins are?


if i developed some really good financial software that our federal bank became dependent on establishing the federal rate but then I later priced future licenses (copies) so outrageously high that i actually had some control over the country then that's my gain. If its too high, you find an alternative. You dont come in after the fact YOU became depent on my product then dictate how I establish my prices after the fact. its unamerican. unless its bill gates who is satan.

so in the end it comes down to simple economics regardless the complicated variables involved unless we are a socialistic society which I wasnt aware.

 

This is the problem with your post and example: Why did it triple? You're correct if this were toothpaste. You're wrong even if you're talking about peanuts cause that is a commodity and more wrong on oil and gas. Peanuts and the cost to pick and refine them into products are tied together.

Why did the price of oil triple cause that's important unless Santa brings us our oil.

The cost to extract and refine the oil are tied together in most cases. Did a hurricane hit? Was Saudi blown up? Did a new country open and demand rose 30%? The ability to refine and extract are tied together in most cases unless you come up with a meteor from space. Do you see my point here?

Your example is not accurate do you see that? If OPEC shuts down production, then the price of oil increases and supply and demand pushes the price up. But that is not what happened here this year. I already explained what happened.

 

Yes, tirk. He needs all the help he can get, so hurry back, will ya?

 

You answer to commie bastard CC? I knew it you pinko prick.

 

cant you guys behave while the parents are out of town. lol

here i was designing plays for jimbo and here you tripartisan faggots are at it again. :rofl: :rofl:

 

Oh yes, you busted me you sly fox, you.

:lol: LMAO. :lol: