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

To: neolib who wrote (228506)	4/9/2005 8:55:30 PM
From: i-node	Read Replies (2) \| Respond to of 1578294

>>>> Now suppose the cost of the raw material doubles. Your production costs stay essentially constant, but your new sales price is also doubled. That's fine. So, what? Look, there is no argument that can be made here. These companies are in the business of refining crude. If profits are so good, why are no new refineries being built? Leave the GD markets to do their job. They're amazingly effective at controlling the process, and do what is needed OVER TIME. You get a bunch of nitwits who want price controls or profits controls or whatever because there is is a temporary boost in gas prices. But they are the same people who were bitching about rationing when we had to do it. Over time, the markets do what they're supposed to do. If the profits become too great in the oil industry, there will be corporations lining up to build new refineries. For now, that doesn't seem to be the case.