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ALL! Prices are regulated, if you didn't know. That's why people constantly are called in for price gouging and then they are forced to change the price...FACT.
Price gouging is a secular-progressive-liberal Leftist term; price gouging is not an economic term.
Gas and oil prices have high and low limits. Dealers cannot charge what they want. There are parameters and then you get all the taxes that vary from state to state but yes even though it might seem like they don't, they do monitor it and enforce the prices.
Price gouging is a secular-progressive-liberal Leftist term; price gouging is not an economic term.
Why do so many of your arguments rely on silly labeling like this? There are some people that aren't afraid of words like "liberal" and "leftist" (hell, even "socialist" doesn't scare me) so you're going to have to do better if you want to make a point.
The current spike in gas prices is not primarily a result of anything to do with the freedom fighters in the Arab world. Nor is it a result of OPEC's production levels, which would suggest a far lower $/gallon than can be found on the open market.
Rather, the spikes are primarily a result of the speculative market on oil. This speculative market is driven by the practices of the biggest banks, who have special exemptions to treat commodities like a casino, who have zero incentive to appropriately hedge their bets, who do not provide the liquidity they were designed to provide, and who generally provide nothing of value to society except to push prices of things higher and higher so that very rich people will continue to invest with them.
Rather, the spikes are primarily a result of the speculative market on oil. This speculative market is driven by the practices of the biggest banks, who have special exemptions to treat commodities like a casino, who have zero incentive to appropriately hedge their bets, who do not provide the liquidity they were designed to provide, and who generally provide nothing of value to society except to push prices of things higher and higher so that very rich people will continue to invest with them.
That is an argument made by the secular-progressive-liberal Left with absolutely no economic foundation.
That is an argument made by the secular-progressive-liberal Left with absolutely no economic foundation.
Hyperbolize much??
Do you think you are insulting people by saying secular-progressive-liberal-left?? This is New York, its not the South.....
The idea that speculation plays no part in this is utterly laughable. The issues in the Middle East, Oil Speculation, and the greed of oil companies (which constantly top the most profitable list) are key reasons why gas prices are so high.
The idea that speculation plays no part in this is utterly laughable.
Speculation plays a role, but nowhere near the price making factor that has been suggested by those with a particular political agenda.
If speculation was that dominant a factor, then these speculators could run up the price by buying long and then, after a price rise, reverse and sell out their longs and then sell short and then, after a price decrease, reverse again and buy back their shorts and then buy long, and so on and so forth.
Quote:
Originally Posted by Smash255
The issues in the Middle East, Oil Speculation, and the greed of oil companies (which constantly top the most profitable list) are key reasons why gas prices are so high.
Price are high because of legitimate concern over future supplies and the continued buying, until recently, by consumers.
Consumers have a much greater affect on price developments, both up and down, then do the much misaligned speculators.
Do you think you are insulting people by saying secular-progressive-liberal-left??
It is not meant as an insult.
It is a description of a certain political viewpoint.
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