Well, they started raising prices and making rules like you couldn't hang your own equipment off their lines. So, you know what the government did? Busted the one giant company up into a bunch of little ones. So, I am betting the Pres could threaten a buncha anti-trust and conspiracy investigations against the oil companies. If he wanted.
Show where there is a monopoly? There are many oil companies and they have been dragged into congress many times and they have found zero proof of colusion or price fixing or anything that violates the law.
And don't forget that what is it? 60 cents on every gallon of gas is tax.
But yet you feel the gov can or should do something about fuel prices?
But yes, I think we should put a HUGE pipe in alaska and tell opec to go f off. Let them try and find someone else to finance their indoor ski slopes and giant castles for awhile, and I bet the crude prices come down.
At our current consumption rate, that oil would not last very long. Plus if we started now, it would be years before any oil flowed out of there. Also, any oil pumped will be sold at market price. One more thing, if oil companies are making record profit now, why would they invest billions to make less just so you can have cheaper fuel?
OPEC supplies 30% of the world market, the less and less significant OPEC is on the world market, the higher the prices go, there is some benefit to having a cartel.
Then, I believe we need to do something to the oil businesses. Being a small businessman in transition, I am all for capitalism, and if someone can make a buck, woot on them.
My problem is that there is a line between being The Next Hot Item, and selling water at 20 dollars a gallon to a person whose house is on fire. That's what I think the oil companies are doing, what with their record windfall profits and all.
They are making around 7.5% profit margin. Low in industry standards, my little plastic company I work at has around a 15% profit margin. OIl companies have been absorbing the prices because if they were at the same rate as oil, we would be paying almost $7 a gallon right now.
Don't worry, I can tell. Not to be insultive but you should at least go to a micro and macro economics class before making ill informed statements.
but I don't buy that "adjusted for inflation" argument either (NO offense to you, Rhino). Something drives inflation. Whatever pushes it up theoretically could push it right back down. Oh yeah, like the US loaning all these places money, then not asking for it back PLUS INTEREST. Or, devaluating the dollar by pumping too many of them out. Or (and y'all can say whatever you want about me) the deal in Myanamar or however you pronounce it. They hate us. HATE us. I realize we don't need to sink to the level of the dirtbags, but I am tired of us propping up our enemies. We've done it forever. Anybody ever heard of the Marshall doctrine?
I know you don't buy the adjusted for inflation argument because you do not understand it, so it is easier to brush it off then break open a book and read.
I do not see what Myanmar has to do with anything, but hey, anything you can find to add fuel to your fire.
That would be the "Truman" doctrine, not the "Marshall" doctrine if you are meaning the major shift in our foriegn policies.
I have no clue who I am going to vote for, I think they all suck. I have never felt more disenfranchised in my life.
I actually agree. So vote for Barr.
