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Robert M. Gary wrote:
Ross Richardson wrote: Kingfish wrote: That is what this newscast said this morning - the market "overpriced" itself. Nor sure what that meant. But, if we were gouged then the oil companies need to refund our money. I know - fat chance. A responsible oil company should charge you as much as you are willing to pay. Oil is provided by for-profit companies. Oil prices are held down by competition. "gouging" implies that either the companies illegally got together and fixed prices or you don't understand free market enterprise. If you think the oil companies are making too much money, switch sides, buy some oil stock and share the profits. -Robert A very well written response Robert. Its refreshing to know at least some people actually understand free market economics. |
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