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August 2005, Week 5

HP3000-L@RAVEN.UTC.EDU

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From:
Jay Maynard <[log in to unmask]>
Reply To:
Jay Maynard <[log in to unmask]>
Date:
Wed, 31 Aug 2005 15:22:06 -0500
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On Wed, Aug 31, 2005 at 05:06:50PM -0300, Gary Nolan wrote:
> On my way to work this morning  gas was 1.10/liter on the way home its was
> 1.19/liter and they are talking 20 cents per liter jump by the end of the
> week on the radio. The Canadian and US govenments don't have the guts to
> stand up to the oil companies. Why vote we don't run the country the big
> companies do.

What are the governments supposed to do, repeal the law of supply and
demand? The price is going up because a big chunk of the supply has suddenly
gone offline, and won't be back for some months. If you try to artifically
hold prices down, you'll simply run the oil companies out of business - for
they're facing the same squeeze: their supplies have suddenly shrank as
well, and they can't tell the governments of Venezuela and Saudi Arabia "no,
we won't pay that".

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