Avgas Coming Down?

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

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

Remove .spam.sux to reply.

"me" wrote in message ...
O.K. Robert

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

A free market is NOT anarchy.

Get a clue, huh!

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."

Sounds like a great example of how our country works. The article
starts out with "Federal Investigators are reportedly looking into".
This means we find illegal activity that may hinder the free market, we
investigate, and we put those at fault in jail. What more could you ask
for, Communism?

-Robert

On Wed, 30 Aug 2006 20:20:30 -0400, "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."


Government and politicians ALWAYS do this when the price of gasoline
fluctuates. I have never heard of them finding anything serious.