Comments on: There’s No Such Thing Price Gouging

By: Herb

Herb — Thu, 08 Sep 2005 14:28:15 +0000

Thats OK McGehee, at least I have taken the time to check out facts that you have apparently ignored. Or Perhaps, you should check out the facts for yourself. Would that be to much bother for you to do? Just continue to insert you snide remarks and disregard how you are getting ripped off. I for one am not going to sit by idle and not continue to point out what damage the greedy oil companies are doing to our country and its citizens. I am an American who cares for his neighbor, What are you?

By: McGehee

McGehee — Thu, 08 Sep 2005 13:59:07 +0000

Herb, you've been treating us to your horse's exhaust throughout this comment thread.

By: Herb

Herb — Thu, 08 Sep 2005 13:11:19 +0000

Hey rebarbarian:
I don't think I will purchase any oil stock, you see, I am not the greedy yuppie type that you seem to be promoting. Your sarcastic remark indicates just what kind of person you are, insensitive, self centered, selfish, and to dumb to know when someone puts the screws to you. So you keep paying the gouge price and be sure not to say anything derogatory about those who have their hands deep into your pockets while you praise them. To bad you are the minority.

By the way, I have a horse, would you like to have the exhaust?

By: rebarbarian

rebarbarian — Thu, 08 Sep 2005 02:38:21 +0000

Hey Herb: buy some oil stocks or buy a bike.

By: Herb

Herb — Thu, 08 Sep 2005 01:04:18 +0000

UPDATE 9:02 EST 9/7/05

The Drudge Report today (9/7/05) is reporting that the OPEC President has stated that oil production is now at 30.4 million barrels per day. He also stated that this is 1 million barrels per day above present demand.

If this is true, then WHY is oil still at 65.00 plus dollars per barrel? You know what all the oil economist and oil companies say "Supply and Demand"
With that production, the supply and demand excuse goes down the tubes.

Now let's see what new excuse they will try to BS us with.

By: john cooke

john cooke — Thu, 08 Sep 2005 00:32:08 +0000

if you believe that bullshit you believe in the Easter bunny and Santa Claus and that all good Democrats don't tell a lie.

john cooke

By: Herb

Herb — Wed, 07 Sep 2005 22:25:28 +0000

Murray is a Senior Fellow at the Competitive Enterprise Institute and they, (CEI) have a whole list of sponsors like Exxon Mobile. If you punch in on their website mentioned on the Murray website, you will find it. Thanks for your intrest.

You will also see an ad by Exxon Mobile on the CEI site

By: James Joyner

James Joyner — Wed, 07 Sep 2005 22:09:36 +0000

What page is it that's sponsored by ExxonMobile?

By: Herb

Herb — Wed, 07 Sep 2005 21:09:53 +0000

After reading this blog, I then went to Mr Murry's web page and guess what? one of his sponsors is Exxon Mobile. Would you expect him to tell us anything different that might offend his Spensor?
And in para 2, he states that "capping gas prices would actually lead to less gas as suppliers reduce the amount they are willing to sell in order to avoid loss" Therein lies the problem, the oil companies control the supply and can create an excess or shortage depending on their greed or reasonableness.

Last night, Bill O'Reilly reported that the major oil companies reported a record profit of 33 Billion Dollars profit in the last quarter. Thats right, 33 BILLION.

I may not be an economist or have sponsors like Exxon Mobile, but I sure know when I am getting it stuck me. And, I think most Americans feel the same way. A Cincinnati TV station conducted a survey and 74 % of the responders thought the oil companies were price gouging. I would like to see an explanation from the oil companies about the 33 Billion profit, but neither you or I will ever get one.
About the only thing we can expect from the oil companies is another excuse to either keep the price up or to raise prices up further. And we will always have those who help the oil companies with more excuses by guys like Murray.

And one last thing, now that the price of oil is below that prior to Katrina, will the oil companies reduce the .50 cent price increase they put on us right after Katrina hit. Bet Not!