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Date: | Mon, 7 Nov 2005 12:48:39 -0500 |
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> Oil prices are down because the oil companies are coming under fire
> for gouging us and making record profits in the 3rd quarter ending
> September 30.
No. Oil prices are going down because of supply and demand:
http://today.reuters.com/business/newsarticle.aspx?type=tnBusinessNews&story
ID=nT31054&imageid=top-news-view-2005-11-04-071132-eRPPISA%5B29%5D.jpg&cap=A
%20close-up%20picture%20of%20a%20fuel%20pump%20at%20a%20Total%20gas%20statio
n%20in%20Vincennes%20near%20Paris%20May%2020,%202005.%20REUTERS/Charles%20Pl
atiau
or
http://tinyurl.com/dbjty
If complaining was the only thing that brought the price down, it certainly
would have fallen sooner, don't you think?
> If they want to charge us $10 a gallon, that's fine. Just don't tell me
> it's because they lost an oil derrick in the gulf because of a
> hurricane.
>
> My two cents.
Speaking of gouging, someone was recently complaining about the very dame
profits to me. This person just recently moved further from work and was
upset on the amount paid on gasoline. I asked, "How much did you pay for
your home ten years ago?" The reply was "$22,500". I asked, "How much did
you sell your home?" No reply, but I remembered when the person was bragging
that the buyer paid about $170,000.
Maybe we need to tax these real estate profits to pay for housing for those
who cannot afford the current prices...
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