Posted by Ralph Bauer on April 09, 2012 at 18:50:59 from (75.107.19.155):
In Reply to: Re: gas price hike... posted by IndianaRed on April 09, 2012 at 12:21:20:
Just want to refer to my answer to your comments a little further down in this thread: Drilling for and extracting the oil from the ground is bringing the oil to the market. Here, we no longer live just in our country economy, with a meager ~330 million inhabitants, but in a world economy with more than ~7 billion + (or 7000 million) people that want and need the same oil. I can sell it to 330 million and make a profit, or I can let the other ~6700 million people compete and drive up the price, thus making so much more money for me. Guess what I will do, what you will do? We actually will do the same thing. That's capitalism, the law of supply and demand. Let's say I envy you making so much money of oil and other energy. I can buy you out, can compete or start chipping away from your advantage by making your oil and energies worth less and at the same time increase my (currently worth almost nothing) alternatives such as wind, hydro, solar etc. I hire the best lobbyists, PR companies and start chipping. That's what BP (British Petroleum) is doing! Why are they doing it? because there is a (and I didn't say "the only" future) in it and BP, as well as others would like to be the first at the table and hold on to their newly created shares and MAKE MONEY!! Pretty good examples include: telegraph, phones, wireless. Or candles, light bulbs, fluorescent, LCD, or records, 8-tracks, cassettes, CD, memory sticks/digital/chips. I think you get the picture. Have a great evening, IndianaRed, and I am glad that we can all post our thoughts here, however common or odd they may seem to others,. Ralph in Oklahoma.
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