There's an ad spot airing right now which urges you to contact congress or face gas shortages like the 1970's. This law sounds bad right? What does it amount to? Stricter controls on the pricing of gasoline. As I have blogged about multiple times the petroleum companies are getting filthy rich while the rest of us are having to pay exorbitant prices for gasoline. They use varied excuses ranging everywhere from an imminent hurricane about to hit the shore (which never materialized), taxes (Yes, taxes have jumped sharply in a few days has been one of their excuses), changeover from winter to summer formula, and various others. The list goes on.
This latest ad makes the idea of price control, lower fuel tax and holding the petroleum industry accountable sound like a bad thing. This is an industry that keeps bringing in record profits. Don't listen to the ad, vote with your mind, not with your fears. This is also the industry that artificially adjusts supply, while demand remains virtually constant using a variety of excuses. Supply goes down, prices go up.
The petroleum industry is a cartel. For more examples of what a cartel can do for you, I suggest you visit your local jewlery store. Those shiny transparent things? They aren't so rare. Industrial diamonds are cheap, but the cartel would have you believe the diamond is a rare thing, and demand a high price. Not so, you see, they control the supply ...
Showing posts with label gasoline. Show all posts
Showing posts with label gasoline. Show all posts
Saturday, September 01, 2007
Friday, May 12, 2006
Gasoline Price Excuse Calendar #2
Taxes.
Yep. The reason gas prices are so inflated right now is taxes.
(Keep in mind that taxes are only 15% of the total price you see at the pump and they haven't really changed at all)
Here's a little hint: They wouldn't have raked in nearly as much dough as they have if the reason truly were taxes.
I think they're running out of good excuses, or at least plausible ones.
Yep. The reason gas prices are so inflated right now is taxes.
(Keep in mind that taxes are only 15% of the total price you see at the pump and they haven't really changed at all)
Here's a little hint: They wouldn't have raked in nearly as much dough as they have if the reason truly were taxes.
I think they're running out of good excuses, or at least plausible ones.
Thursday, March 16, 2006
Fuel Price Excuse Calander
Today's Entry: Switching from Winter formula to summer formula
Previous entries include such zingers as:
Impending Hurricane. Must raise prices.
Exploding Refineries.
Transient Electrical Distrubances in the pricing system caused by sunspots
The last one is a joke, but can you really tell the difference?
$2.50 per gallon when they're pulling record profits on a commodity that everyone needs is just plain sickening.
Previous entries include such zingers as:
Impending Hurricane. Must raise prices.
Exploding Refineries.
Transient Electrical Distrubances in the pricing system caused by sunspots
The last one is a joke, but can you really tell the difference?
$2.50 per gallon when they're pulling record profits on a commodity that everyone needs is just plain sickening.
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