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JoeSpareBedroom JoeSpareBedroom is offline
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First recorded activity by BoatBanter: Jul 2006
Posts: 5,515
Default Bend Over for 'Big' Oil

"John H." wrote in message
...
On Wed, 30 May 2007 11:43:26 GMT, "JoeSpareBedroom"
wrote:

"HK" wrote in message
m...
GALLUP NEWS SERVICE

PRINCETON, NJ -- The latest Gallup panel survey finds the public bracing
for continued rising gas prices this summer. A majority of poll
respondents expect gas prices to reach the $4.00 per gallon level in
their
local area this summer, though only a small minority expects it to reach
the $5.00 mark. Roughly two in three Americans say they have already
been
affected financially in some meaningful way by the high gas prices. The
public most often mentions oil company greed as the reason for the high
gas prices, though it also mentions other more practical reasons such as
problems with refineries.



They'll mention whatever the talking heads tell them to mention as
reasons.
Remember "increased demand in China"? That's the reason I heard for the
latest run-up. Same thing last year. But, when the price dropped last
year,
nobody said "decreased demand in China". I don't listen any more. The only
info I'd believe would come from Rex Tillerson, who was being waterboarded
in return for real details about the pricing scheme. All other
explanations
thus far are an insult to our intelligence.


Explanation - long term maximization of profit. Salvation Army does
charity
work.



You go to the supermarket and find that a gallon of milk is suddenly $4.00.
Last week, it was $2.00. You ask for an explanation and are told "It's due
to increased demand at our store across town".

How would you feel about that answer?