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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: CBurnett who wrote (119106)4/29/2008 12:07:20 AM
From: MoominoidRead Replies (1) of 306849
 
Yes, all the oil producers whose average costs are below the marginal cost of the highest cost producer are making a pile of money. But then argue for the windfall tax or whatever (maybe recycled to the consumer as a subsidy) if you think that this bad. That's very different from the belief that there is some conspiracy to raise prices. OPEC used to do that but they don't now really have the ability to increase supply, at least not in the short-term.
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