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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (1827)	8/21/2008 12:02:51 PM
From: Thomas A Watson	Read Replies (1) \| Respond to of 86356

Why do you put in quotes "inflating the price". I in no way spoke of inflating the price. FUD drives the price the market will bear. In a free market, the price paid is the fair price. FUD as a factor in driving the price the market will bear does rise as the supply and demand approaches balance. The exec from exon said he believed costs plus a specific margin that is deemed fair was 50 bucks a barrel. If one assumes exec from exon is giving an honest and informed opinion, then FUD and other things are adding to the free market price.