price fixing is against the law. it happens pretty often. I suspect price fixing going somewhere between the oil coming out of the ground and me putting gas in my tank. There's a lot of money moving around and somewhere in all of that, the oil companies are *all* making enormous profits.
I guess an important question is, where are the profits coming from? I heard on the radio the other day a gas station owner say that every day someone from the oil company calls him up and tells him what the prices are. He then applies a 15 cent a gallon markup. So... which oil company is that telling him what today's prices are? Exxon/Mobile? I dunno.
And, where is Exxon/Mobile making its profit? Is it on the gasoline sales side? where? how do all the oil companies make the same enormous profits in a commodity market? I'm trying to find out where there's room for that to happen in the commodity... supply and demand model.
I still don't get it. I mean, yes the industry is huge and complex. I know the gas station owners basically just add 15 cents a gallon markup on whatever they pay for the gas
( ... )
war is capitalism with its gloves offchaizzillaJuly 21 2006, 09:26:49 UTC
power. guns. drugs. $$$$$$YEAH$$$$$$ (money shot)
too bad there's no new place out there somewhere sick of living under the yoke of corporatism and ready to have themselves a tea party. of course now we have nukes to protect inc. the problem is, people think fascism and think "hitler", a raving speedmonkey (atlantis?), when mussolini et al are the ones who actually had the relevant things to say about it and its future. kellog harriman brown brothers root et al. who?
the teat be full of inexpensive collectible conveniences.
Comments 8
Reply
Reply
Reply
I guess an important question is, where are the profits coming from? I heard on the radio the other day a gas station owner say that every day someone from the oil company calls him up and tells him what the prices are. He then applies a 15 cent a gallon markup. So... which oil company is that telling him what today's prices are? Exxon/Mobile? I dunno.
And, where is Exxon/Mobile making its profit? Is it on the gasoline sales side? where? how do all the oil companies make the same enormous profits in a commodity market? I'm trying to find out where there's room for that to happen in the commodity... supply and demand model.
Reply
(The comment has been removed)
Reply
(The comment has been removed)
Reply
$$$$$$YEAH$$$$$$
(money shot)
too bad there's no new place out there somewhere sick of living under the yoke of corporatism and ready to have themselves a tea party. of course now we have nukes to protect inc. the problem is, people think fascism and think "hitler", a raving speedmonkey (atlantis?), when mussolini et al are the ones who actually had the relevant things to say about it and its future. kellog harriman brown brothers root et al. who?
the teat be full of inexpensive collectible conveniences.
Reply
Leave a comment