jamesmon | Arkansas news, politics, opinion, restaurants, music, movies and art

jamesmon 
Member since Mar 4, 2011


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Re: “The rising price of gas

"Like any free-market commodity, the retail price of gasoline is based on factors like supply, demand and competition," McDaniel said.
Really?? When it come to oil, what free-market? what competition? There are tons of articles out there explaining how the price of crude these days has NOTHING to do with 'supply and demand'. It's a SCAM folks! Get used to it! Major oil companies and big institutions that trade in futures own so many of our politicians that NOTHING will be done that can stop this pathetic excuse of a market. It's fixed, manipulated and rigged completely against free-market competition and, by extension, the consumer. The major oil companies, traders and OPEC are high-fiving each other over the 'unrest' in the middle-east. It's a great excuse to rip off the consumer! Most of the oil the majors get comes from their own fields. It's a fixed-cost for them. The price on Wall Street has nothing to do with their cost of producing gasoline. They use the futures price%2

Posted by jamesmon on 03/04/2011 at 8:19 PM

 

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