again with the gas prices..., http://www.dailynews.com/Stories/0,1413, Options

[mikester]

http://www.dailynews.com/Stories/0,1413,20...2119362,00.html

What we have here...is someone making a profit...who decides when you're charging too much for something?

Well - these guys are capitalists and they will CHARGE WHATEVER THE MARKET WILL BEAR.

So the only solution is to find some other way to work making fuel in less demand than it is right now.

I say we start a pool - winner gets a 914 hat or something...

Guess what the highest $ per gallon will be on labor day (end of summer).

I'm just saying...

[lapuwali]

OPEC is not a body of oil COMPANIES. It's a body of oil producing NATIONS. You can't file an anti-trust action against a whole country, or an organization of countries, so OPEC continues to exist and does whatever it wants, irrespective of the laws in the US, the EU, or any other country or organization that deems cartels illegal.

OPEC can't and won't raise prices enough to make alternative forms of energy attractive, which sets an upper bound on how high is high at any given time. Right now, they feel they can get away with $40 and change a barrel. A few years ago, they didn't dare raise them above $35/barrel, as rising oil prices DO damage economies, which could end up with reduced oil sales, and thus less demand, and thus fewer dollars in their pockets.