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Good information Hafelven. Thanks
posted by
jollyjeff
on April 3, 2008 at 3:21 PM
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If you're selling turnips...
...and the cost of getting turnips to sell goes up, you don't make as much money. Doesn't work with oil, apparently. Why not?
Three reasons:
1. Inelastic demand, the demand for oil is pretty constant because for some purposes there are no alternatives.
2. Oligopolistic markets, the supply is in the hands of the very few who co-operate to keep prices high.
3. Greed, the oil companies are taking advantage of the situation to push prices at the pump higher.
What can we do?
1. Help develop alternate energy sources. Those have their costs, too, like biofuel, but oil is a dead end street.
2. Don't let the capitalists tell you this is a free market, it isn't. Vote for someone who understands this situation and speaks out against it.
3. Bring a class action suit against Big Oil. Talk to a lawyer, your representatives, your friends, your church.
posted by
Halfelven
on April 2, 2008 at 2:31 PM
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Pertinent question!
posted by
Straightforward
on March 20, 2008 at 7:14 PM
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Youthinks correctly, sir...
posted by
saul_relative
on March 17, 2008 at 12:44 AM
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Definitely so!
posted by
Soul_Builder101
on March 15, 2008 at 5:17 PM
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I agree with you! sam
posted by
sam444
on March 15, 2008 at 4:07 PM
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