bumpin buick
5,000+ posts
Science is everything
True price gouging is illegal in most situations but there have been exceptions in the past and there could be exceptions in the future.Gouging is illegal.
Supply and demand is not.
The US Dollar is also worth alot less than it was now. Guess what that means for *imported* oil? Yep, it costs more dollars to get.
As far as supply and demand, this is forced upon us. When one thinks about supply and demand it should be in an open market. It is very clear our government has no tolerance for alternative fuels. Last year BMW funded more alternative fuel solutions in a quarter than the entire US government did over the year.
In a free market the laws of supply and demand stand strong. Now if I was a true classical economist I would bend over and take it from behind until the market stabilized but lets be honest in a legal market if there is a coercive monopoly the government should be keeping a closer eye on what is happening.
I think oil companies like any company should be making a profit but for example our goverment is giving 28billion in subsidies to oil companies over the next five years, is that really neccesarry. What if we put 28billion towards alternative fuels. We could be running our cars on salt water or tap and paying literally pennies to the gallon.
