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To: Jeff Jordan who wrote (324839)7/19/2006 5:45:29 PM
From: CapitalistHogg™  Read Replies (1) | Respond to of 436258
 
...time for the oil companies margins to be cut to the bone!

I agree. Any idea when that might happen?



To: Jeff Jordan who wrote (324839)7/21/2006 12:35:10 PM
From: Jeff Jordan  Respond to of 436258
 
>>>Rental prices are going up and won't come down.<<<

Prisoners of fate or faith? Nothing like a captive audience!
Who are the masters of this cult? Adam Smith?<g>
Adam Smith divided income into three types: profits, wages, and rents. The essential feature of profit is risk: capital is ventured in the hope of a return, and there may be a very great return, or little, or none. Where will the oil companies etc risk their profits????? More than a moral dilemma? What did Jesus say? "Give unto Caesar"....etc?

A government that grants a monopoly in a certain enterprise cannot determine a market-clearing price and so is either going to victimize a company by not allowing a high enough price or is going to victimize the public by mandating or engineering prices that are too high: those prices then include "monopoly rents," the amount of money the company makes over the profits of a competitive market.

Mankind soon learn to make interested uses of every right and power which they possess, or may assume. The public money and public liberty...will soon be discovered to be sources of wealth and dominion to those who hold them; distinguished, too, by this tempting circumstance, that they are the instrument, as well as the object of acquisition. With money we will get men, said Caesar, and with men we will get money. Nor should our assembly be deluded by the integrity of their own purposes, and conclude that these unlimited powers will never be abused, because themselves are not disposed to abuse them. They should look forward to a time, and that not a distant one, when a corruption in this, as in the country from which we derive our origin, will have seized the heads of government, and be spread by them through the body of the people; when they will purchase the voices of the people, and make them pay the price.

Thomas Jefferson, Notes on Virginia, 1784


"If you rob Peter to pay Paul, you've already got half the vote."<g>
~Aegyptophilus

......two sides of the economic coin, "IN-GOD-WE-TRUST

For wherever violence is used, and injury done, though by hands appointed to administer Justice, it is still violence and injury, however colour'd with the Name, Pretences, or Forms of Law, the end whereof being to protect and redess the innocent, by an unbiassed application of it, to all who are under it; wherever that is not bona fide done, War is made upon the Sufferers, who having no appeal on Earth to right them, they are left to the only remedy in such Cases, an appeal to Heaven.
~John Locke


.....All I need is food, water, and bullets!<g> "Justice is mine saith the Lord!
...I don't need no stinkin oil? But, I do need a roof over my head?<g>