I don't believe anything of the sort. I believe they are doing what
capitalists do- maximizing profits.

You call it price gouging, they call it supply and demand. Don't hate
a player for playing the game.

You can always vote by not buying their gas, switching to a scooter
(props to you, Tony) or other fuel-efficient vehicle, using public
transport, or driving less.

I think we've actually turned the corner in terms of market psychology
(to borrow from a previous thread). U.S. consumers are going to
continue to ditch big fat gas guzzlers in droves and move to lighter,
more fuel-efficient cars, scooters, and public transport. Alternative
energy companies are going to invest billions in their solutions,
which can now be profitable because of the price of oil.

It will be the oil companies themselves (and more importantly thug
regimes like Iran, Sudan, and Venezuela) that are most damaged by the
dramatic rise in prices. The current price range makes every
conceivable fuel alternative economically viable, which is what this
is all about at the end of the day. It's going to take decades for the
economy to shift away from oil, but there is now no question that it
is going to happen.

That doesn't help us much when we go to the pump, but hey, here's to the future!


On Thu, Jul 31, 2008 at 6:44 PM, Scott wrote:
> Yes, companies are supposed to make reasonable profits.... but there's this
> little thing called price gouging.
>
> If you really believe that the good ol boys at the oil companies are honest
> businessmen, then I've got this bridge in Brooklyn, NY that I'll sell
> ya....cheap, comes with a small canyon in Arizona, also.

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