Comments on: Bill O’Reilly: Price Gouger http://www.outsidethebeltway.com/archives/bill_oreilly_price_gouger/ Online Journal of Politics and Foreign Affairs Fri, 5 Dec 2008 03:00:59 +0000 http://wordpress.org/?v=2.6.2 By: Herb http://www.outsidethebeltway.com/archives/bill_oreilly_price_gouger/#comment-91551 Herb Wed, 26 Jul 2006 11:56:06 +0000 http://www.outsidethebeltway.com/archives/2006/07/bill_oreilly_price_gouger/#comment-91551 Flash News: BP has just posted a profit of over 7 (Seven) Billion, 30% increase over the same period last year. If that don't P everybody off, then the oil companies are successful in their PR with those who provide them with the excuses for this Obscene Profit. Flash News:

BP has just posted a profit of over 7 (Seven) Billion, 30% increase over the same period last year.

If that don't P everybody off, then the oil companies are successful in their PR with those who provide them with the excuses for this Obscene Profit.

]]> By: Herb http://www.outsidethebeltway.com/archives/bill_oreilly_price_gouger/#comment-91496 Herb Tue, 25 Jul 2006 21:19:10 +0000 http://www.outsidethebeltway.com/archives/2006/07/bill_oreilly_price_gouger/#comment-91496 One more thing, Whatever happened to the old standby Excuse, SUPPLY and DEMAND One more thing, Whatever happened to the old standby Excuse,

SUPPLY and DEMAND

]]> By: Herb http://www.outsidethebeltway.com/archives/bill_oreilly_price_gouger/#comment-91495 Herb Tue, 25 Jul 2006 21:17:48 +0000 http://www.outsidethebeltway.com/archives/2006/07/bill_oreilly_price_gouger/#comment-91495 Then, Shall we say that the Oil Companies are "Pillaging" the American People. Any way one puts it, Big Oil is getting filthy rich at the expense of Every American and they love having those who "understand" ? by providing them with "Excuses" for their greedy behavior. Then, Shall we say that the Oil Companies are "Pillaging" the American People.

Any way one puts it, Big Oil is getting filthy rich at the expense of Every American and they love having those who "understand" ? by providing them with "Excuses" for their greedy behavior.

]]> By: legion http://www.outsidethebeltway.com/archives/bill_oreilly_price_gouger/#comment-91493 legion Tue, 25 Jul 2006 21:13:22 +0000 http://www.outsidethebeltway.com/archives/2006/07/bill_oreilly_price_gouger/#comment-91493 Well, I define it kinda like this: Let's say oil goes up $2/barrel right now. That's the trading cost of a barrel purchased today on the open market, but _not_ a barrel in anyone's (except possibly the original country's) hands... that oil needs to be pumped out of the ground, sent to a port, put on a tanker, shipped to a refinery, and then transported to the gas station. In other words, gas price may go up as oil price goes up, but there's a significant lag time. If oil goes up _today_, and gas goes up _tomorrow_ in response, _that's_ what I call gouging. Tho I expect most economists (and all oil industry types) would disagree... Well, I define it kinda like this:

Let's say oil goes up $2/barrel right now. That's the trading cost of a barrel purchased today on the open market, but _not_ a barrel in anyone's (except possibly the original country's) hands... that oil needs to be pumped out of the ground, sent to a port, put on a tanker, shipped to a refinery, and then transported to the gas station. In other words, gas price may go up as oil price goes up, but there's a significant lag time. If oil goes up _today_, and gas goes up _tomorrow_ in response, _that's_ what I call gouging.

Tho I expect most economists (and all oil industry types) would disagree...

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