| Dear Exxon You are Fucking Over the Economy |
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| Written by Randall McFarlane | |||||
| Monday, 19 May 2008 | |||||
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Dear Exxon, The Wikipedia defines price gouging as:
Price gouging is a frequently pejorative reference to a seller's asking price that is much higher than what is seen as 'fair' under the circumstances. In precise, legal usage, it is the name of a felony that applies in some of the United States only during civil emergencies. In less precise usage, it can refer either to prices obtained by practices inconsistent with a competitive free market, or to windfall profits. In colloquial usage, it means simply that the speaker thinks the price is too high. Non-pejorative uses are generally in reaction to what the writer believes is an unjustified restraint on the market. Comments (2)
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Ranting can be fun
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| Exxon is only a part of the problem. Hey Exxon, we saved your bacon in the Middle East by financing that darn war. Maybe you should be paying more of our TAXES. But here is my thought. The Gas price has more to do with Speculators and middle-men. It has more to do with production problems and yields. But the big one is probably those speculators. They are betting that we get our BUTT kicked out of the Middle East anyway. They are looking at the POLLS and see that we are likely to get someone who is SOFT on terrorism; and SELLING HIGH to drive the price up. They are betting that our next president makes the situation worse, and oil will become harder to get. In general, the Middle Class is doomed either way. We send out kids to the Middle East.... or pay even higher prices as the we expect to get a good ass-wooping. There is one short term solution that can help. Everyone who is a regular middle-class type should plan their week and leave their car parked for ONE DAY each week. That means CAR POOLING just twice with a buddy. That means COMBINING trips, so you go to the stores just a couple times a week instead of EVERY DAY. The long term is to find other energy. Everyone should pick another source and develop diversity. I burn GAS. A friend of mine is installing Solar Panels. A neighbor burns WOOD. Another guy that I know buys those wood pellets. OK, here is my thinking. When OIL gets too darn expensive, and nobody buys Gas from Exxon.... they will start to think... HEY, I should have spent some of those PROFITS on alternative energy. Uncle Dan |
mike
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| actually the speculators are mostly the big banks driving up the cost of oil to get returns on the mortgage crisis. The futures market was supposed to help farmers from not getting ripped off and of course the big banks find a way to make money at the cost of the rest of us. |
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