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Politics : Politics of Energy
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To: Brumar89 who wrote (1815)8/19/2008 2:44:42 PM
From: Thomas A Watson  Read Replies (1) of 86356
 
The true price is whatever one is willing to sell for. The fair price is also whatever one is willing to sell for. Fair is also defined in the eyes of the owner of the product considering all risks and desperations of those who want to buy his product.

The exon exec's 50 dollar price was based upon the costs of producing and a fair profit. I believe exon and other oil companies are not driving or attempting to inflate the demand price to current high levels. They of all involved will pay the price in costs of additional regulations. That is the incentive to function in a fair manner. The money manipulation folks produce nothing and do whatever to trade make believe value for maximum profit today. Manufacturing the spectre of desperations is profitable.
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