Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: SilentZ who wrote (228484)	4/9/2005 4:59:12 PM
From: i-node	Read Replies (1) \| Respond to of 1578515

>>> What percentage of the average person's salary goes to buy soda? The point doesn't hold only for soda. It holds for food, housing, electricity, medicines (and healthcare, generally). Your attitude is simply anti-corporate, even though corpoations are the life blood of our fine economy. >>> First off, why does oil go up from $30/barrel to $50? Supply and demand. >>> Manipulation through speculation and the blowing out of proportion of current events. Supply and demand. Ask you're PhD candidate friend. He can tell you about supply and demand. >>> Or you could put your blind devotion to the policies which are contributing to bringing feudalism into this country and realize that regulation is sometimes necessary, especially when it comes to things that people are dependent on. I would have no problem with regulation were there evidence of abuse (I've proven this in this thread -- as a CPA I was for self regulation of the industry since I was a student, but changed on a dime when the Enron fiasco happened; regulation is appropriate where other means have failed). There is no evidence that market factors have failed to work in the case of the oil companies, as this discussion has clearly shown. Gasoline has increased in price less than almost any other commodity over the last 30 years.

To: SilentZ who wrote (228484)	4/11/2005 2:51:11 PM
From: TimF	Respond to of 1578515

What percentage of the average person's salary goes to buy soda? What percentage of the average person's salary goes to gas? Those questions are relevant to the comparative burden of price increases in each area, but they aren't relevant to the issue that gas price increases should be considered in the context of overall inflation, or to the question of how and why oil prices have increased. People are in financial PAIN because of the price of gas going up so much. But you don't care. It's all "capitalism, capitalism, capitalism; free markets, free markets, free markets. Without the functioning of a mostly free market there would be a lot more pain to go around. This contributes to the serfdom of the American population. The typical American lives about as far from serfdom as most people in any large country have ever lived. Second, gas prices have gone up faster than the price of oil. Assuming this is true it doesn't indicate some horrible conspiracy, or some grievous flaw in capitalism. Oil and gasoline are too closely connected commodities because we need oil to make gasoline, but they aren't the same thing. They each have their own factors in supply and demand as well as their issues with things like gasoline taxes, OPEC trying to act as an effective cartel ect. Tim