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Politics : Don't Blame Me, I Voted For Kerry -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (78671)	8/1/2006 4:39:37 PM
From: TimF	Read Replies (2) \| Respond to of 81568

Your a broken record. Most of your posts don't even contain any argument, and when they do its the same weak arguments repeated over and over again. Your report of an oil exec supposedly saying "we can charge anything we want", is meaningless. Its not just that its out of context, or that you might not be telling the truth about it. We also have no knowledge of who this executive is supposed to be. Furthermore, in a positive pricing environment a remark like "we can charge anything we want", is not really a surprise or very meaningful. It will never be totally true. Even perfect monopolies are effected by the laws of supply and demand. Past a certain point they lower demand enough to lower their profit even if there is no competition. Past a higher price and they wind up eliminating their profit as people find ways to go without their products. But the oil industry has never been one where there was anything approaching a perfect monopoly or cartel. And yes that includes both Standard Oil, and OPEC, neither of them qualify. Of course these guys don't leave a lot of smoking gun evidence sitting around So you admit there is no real evidence. it's just common sense obvious. In other words you feel it to be true so it must be so.