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...

[Randal]

Monopoly is the correct term.

Joseph Alioto, the ex-major of San Francisco, has been saying for months that there are only two oil powers in the US; these two corporations own all the others, directly or indirectly.

Granted, technically a monopoly is a single corporation controlling the market, but these two corporations are clearly happy to “control” this market. It is pretty simple to watch each other when the prices are being pushed up or down.

Secondly, our friend Saudi Arabia is treating us like the typical 15-year-old kid rebelling against his/her parents. Where do you think Saudi Arabia would be if it weren’t for our “protection?” And just how many people do you think are controlling Saudi Arabia and potentially putting our economy in the tank like they did last time?

Bottom line is that Saudi prices oil just about anywhere they want. OPEC, which must be very loosely referred to as a cartel, is their mechanism that they control behind the curtain.

When they want to appease the rest of the Middle East they gouge price the big users of oil, i.e., read that as the USA and Europe.

And if you don’t believe the US oil companies are having fun with the price increases, then you probably haven’t seen them lately reporting huge profits allowing them to re-purchase their own stock.