Avgas Coming Down?

In rec.aviation.owning me wrote:
O.K. Robert

I guess your free market theories don't take in to account there illegal
activities huh !




"This story ran on nwitimes.com on Wednesday, August 30, 2006 12:12 AM CDT

WASHINGTON | Federal investigators are reportedly looking into whether BP
PLC manipulated crude-oil and gasoline markets, the latest in a string of
inquiries into the British oil company."


US investigates gasoline and oil trading by BP
Regulators look for signs company tried to rig market
By Bloomberg News | August 30, 2006

BP P LC, Europe's second-largest oil company, is being investigated by U S
authorities for possible manipulation of the crude-oil and unleaded-gasoline
markets, a spokesman said.

The crude -oil inquiry is the subject of an investigation by the U S
Commodity Futures Trading Commission, which regulates futures markets.




" 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

So what's your point?

There are illegal activities in every field of human endeavour.

Finding a crook in some business doesn't mean everyone in the business
is a crook.

--
Jim Pennino

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