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Politics : Politics of Energy
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To: Thomas A Watson who wrote (1818)8/19/2008 3:07:33 PM
From: TimF  Read Replies (1) of 86356
 
Selling something for what the market will bear, rather than your costs plus a specific margin that is deemed fair, is not "inflating the price". In any case Exxon-Mobil isn't big enough (compared to the oil market as a whole), to do much about inflating the price. Well I suppose it could take all its supplies off the market and since oil tends to be inelastic in the short run the price would go up, but it would hardly benefit XOM.
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