gas prices

[flarendep1]

Like it or not the law of supply and demand is the foundation of capitalism and has given rise to the largest economy in the world. I can't begrudge someone or some company from making money. Am I supposed to be pissed off at athletes making millions and that my season ticket prices keep rising? Back to gas, there have been no fewer than 20 bipartisan congressional inquiries into price gouging and unfair pricing of gasoline in the past 20 years. Not one inquiry turned up a shred of evidence of any illegal practices. I'd think one party or the other would love to sit up on Capitol Hill and say how they are sticking up for the little guy and have uncovered a price gouging scheme by big oil. They can't because none exists. Blame capitalism, economics or even Adam Smith and Milton Friedman if you'd like MM but blaming big oil is the easy way out.

I am afraid your logic cannot be understood by those who are so full of hate for Bush.

[musclemann]

I am afraid your logic cannot be understood by those who are so full of hate for Bush.

unlike you flare i have no affiliation. If hillary clinton or obama was in office right now I wouldnt waste my breath defending them I would man up and say they were wrong and would be preparing to vote for john mc cain. You on the other hand have ample amounts of time defending one of the worst presidents in our history because you are using the republican zombie medicine. You and back door guy are bleeding heart repubs which is fine but you , (the other nameless nit wit and back door)spend a lot of creative time defending this failure.

Two points i want to make with you....

1. YOU STILL HAVE YET TO ANSWER MY QUESTION. WHAT WOULD YOUR RESPONSE WOULDVE BEEN IF HILLARY WAS IN OFFICE DURING 9-11

2. I DONT CARE ABOUT DEMS OR REPUBLICANS. WEVE HAD A REPUBLICAN PRESIDENT THE LAST 8 YEARS. HE RECENTLY STATED WE WERENT IN A DEPRESSION(MORONIC) FAILED OUR NATIONAL SECURITY AND HASNT EVEN ADDRESSED MAJOR ISSUES HERE IN OUR COUNTRY. THIS IS WHY IM GOING TO VOTE FOR SOMEONE DIFFERENT THAN A PUPPET WHO IS DESTINED TO FOLLOW HIS POOR LEADERSHIP.


IF YOU WONT ANSWER NUMBER 1 (WHICH YOUR TO EMBARRASED TO ANSWER) I WILL NO LONGER COMMENT ON YOUR POSTS.TAKE CARE.

[dakingisdead]

So if your were President, what would you do to lower gas prices?

Bump

[BettorsChat]

so if you pay 4$ a galon ,do you actulay have an idea you muctc it costs a galon of gasoline in contries like my one in wicth the average salary is 4 our 5 times less than in the us?????????its about 10$ a galon rigth now
stop crying and start using more economic cars

$10 a gallon? Shit that would suck especially like you said the wages in your Country are much lower than here in general.

[grandmama]

Back to gas, there have been no fewer than 20 bipartisan congressional inquiries into price gouging and unfair pricing of gasoline in the past 20 years. Not one inquiry turned up a shred of evidence of any illegal practices. I'd think one party or the other would love to sit up on Capitol Hill and say how they are sticking up for the little guy and have uncovered a price gouging scheme by big oil. They can't because none exists. Blame capitalism, economics or even Adam Smith and Milton Friedman if you'd like MM but blaming big oil is the easy way out.

price gouging doesn't exist. you really think you have it all figured out. great you made an "A" in economics 101 and 102. you think because you throw out milton friedman and adam smith lines that you have all the answers. while I'm glad you do have a clue who they are this is not all about supply and demand. the reason there is no evidence is because everyone is getting kickbacks from big oil. they fund everyones campaigns, but you won't hear any of this from the media because the media is in on it too-by not covering shit. media has more lobbyist than anyone. I'm a little drunk right now, so my spelling is a bit off. be back tomorrow to explain this further.

[BettorsChat]

Fair or not, can you honestly tell me that if you weren't in these oil execs shoes that you wouldn't be doing the same exact thing?

Not me as I have a conscious.

[BettorsChat]

Dude, its a free country, quit complaining and buy some oil stocks.

Are you buying Oil stocks? If so we have a stock forum that you or anyone else is more than welcome to put some input into.

[BettorsChat]

Like it or not the law of supply and demand is the foundation of capitalism and has given rise to the largest economy in the world. I can't begrudge someone or some company from making money. Am I supposed to be pissed off at athletes making millions and that my season ticket prices keep rising? Back to gas, there have been no fewer than 20 bipartisan congressional inquiries into price gouging and unfair pricing of gasoline in the past 20 years. Not one inquiry turned up a shred of evidence of any illegal practices. I'd think one party or the other would love to sit up on Capitol Hill and say how they are sticking up for the little guy and have uncovered a price gouging scheme by big oil. They can't because none exists. Blame capitalism, economics or even Adam Smith and Milton Friedman if you'd like MM but blaming big oil is the easy way out.

From my understanding the Oil execs are going to be asked to meet again to be questioned by the Senate Commission?

[BackDoorCvr]

From my understanding the Oil execs are going to be asked to meet again to be questioned by the Senate Commission?

I'm sure they will be BC. This has been happening since Carter was in the White House when gas prices get too high. They won't get far. Actually as a taxpayer I'd rather have more steroid hearings because at least they're entertaining. The Oil Execs will talk about the increased global demand, uncertainty in the Middle East and Russia, the inability to tap the billions of gallons we have here in the US, and hedge funds and speculators artificially propping up the price of oil futures. All valid points. I'm not sure where you stand on the idea of a windfall profit tax on Big Oil or if you're old enough to remember the oil shortages of the 70's. But Carter tried the same tax and all it led to was more shortages and a greater reliance on foreign oil. We have the second highest corporate tax rate in the world and taxing all of our domestic oil corps even more doesn't make a lot of sense except that it makes certain groups in Congress happy. Something definitely needs to be done but I'm fairly confident that a windfall profit tax isn't among them.

[wayne1218]

Fair or not, can you honestly tell me that if you weren't in these oil execs shoes that you wouldn't be doing the same exact thing?

Man kb, i hope you are never president bro' cause i simply couldn't afford to live anymore! lol

It doesn't make it right. So should car/motorcycle makers charge 100 k each because they can or should toothpaste be $20 a tube because they can and we need it? Toilet paper for $10 a roll? Paper towels $10 a roll? Windows to go in houses for a grand each? I mean we can't make our own windows and we have to have them. You could go on and on. Milk? $20 a gallon? It's not like we can all just go by our own cow. C'mon, at some point someone has to over see and protect us from this shit!

[BackDoorCvr]

price gouging doesn't exist. you really think you have it all figured out. great you made an "A" in economics 101 and 102. you think because you throw out milton friedman and adam smith lines that you have all the answers. while I'm glad you do have a clue who they are this is not all about supply and demand. the reason there is no evidence is because everyone is getting kickbacks from big oil. they fund everyones campaigns, but you won't hear any of this from the media because the media is in on it too-by not covering shit. media has more lobbyist than anyone. I'm a little drunk right now, so my spelling is a bit off. be back tomorrow to explain this further.

So Big Oil has bought off every single member of Congress for the last 30 years and has also paid off every newspaper, cable and local television network as well as the various internet newssites?! You must be a bit more than a little drunk. The reason there is no evidence is because there is no evidence. It's people like you who make a point (i.e. the bribing of everyone in Congress and the Media) and then say "well I can't prove my point because everyone is covering it up" that are ignorant of the actual facts or simply don't want to believe them and instead prefer some other sinister plot.

[BackDoorCvr]

Man kb, i hope you are never president bro' cause i simply couldn't afford to live anymore! lol

It doesn't make it right. So should car/motorcycle makers charge 100 k each because they can or should toothpaste be $20 a tube because they can and we need it? Toilet paper for $10 a roll? Paper towels $10 a roll? Windows to go in houses for a grand each? I mean we can't make our own windows and we have to have them. You could go on and on. Milk? $20 a gallon? It's not like we can all just go by our own cow. C'mon, at some point someone has to over see and protect us from this shit!

That's a poor argument Wayne. There is an ability in the marketplace to provide all of the items you list (toilet paper, cars, toothpste, etc...) at reasonable prices. Oil is a limited, depleteable resource that is hard to get at sometimes that the entire world demands but is only found in certain regions (and most are unstable). This is why the price of oil is out of our control unless we find an elternative.

[wayne1218]

That's a poor argument Wayne. There is an ability in the marketplace to provide all of the items you list (toilet paper, cars, toothpste, etc...) at reasonable prices. Oil is a limited, depleteable resource that is hard to get at sometimes that the entire world demands but is only found in certain regions (and most are unstable). This is why the price of oil is out of our control unless we find an elternative.

I never said my argument would match yours or you would agree with it. We all have our own thoughts and opinions and that is mine. Milk is state regulated and they set the price. I don't care how much or little there is of it. When the head honchos are making BILLIONS, it's time to cut the shit already. If they were not setting record profits i might be more concerned with the natural resource aspect but that is clearly not the case.

[BackDoorCvr]

I never said my argument would match yours or you would agree with it. We all have our own thoughts and opinions and that is mine. Milk is state regulated and they set the price. I don't care how much or little there is of it. When the head honchos are making BILLIONS, it's time to cut the shit already. If they were not setting record profits i might be more concerned with the natural resource aspect but that is clearly not the case.

I think we'd all be better off as a country if we quit blaming Big Oil for being profitable and find a way to wean ourselves off of it. No one was sympathetic to them when oil was $30/bar.

[wayne1218]

I think we'd all be better off as a country if we quit blaming Big Oil for being profitable and find a way to wean ourselves off of it. No one was sympathetic to them when oil was $30/bar.

Nobody was sympathetic to the Electric or water companies when they were cheaper than they are now but we can't live without either and their prices havn't risen in the same fashion as oil. Yes, we can blame people when they are making billions off us and refuse to control it. If it was a luxury, i wouldn't care cuz it would be our choice. Unfortunately, it isn't for most.