Re: I do not understand---

Posted by LarryT on February 26, 2012 at 16:16:59 from (107.4.52.32):

In Reply to: I do not understand--- posted by MTC on February 26, 2012 at 13:25:56:

Well, when they price themselves out of consumers then it will turn around. I am a farmer for a living. My crop seed went up by 125% this year. Mmmmm. But my profit margin didn't and I can"t raise my prices because I am at top market price now. Mmmmmm. My cost is increasing due to oil prices. Not just fuel, but fertilizer and other products that are derived from oil. The price of fuel at the pump is not proportional to the price of a barrel. But the price of all that is derived isn't even close to the what is payed. I have a friend that will remain nameless as he works for BP. He showed me a formula that shows how they break it down and BP will make about 500% profit on a barrel. I want to specify PROFIT. That"s over and above the cost of production of all the products that they make from a barrel. I too am in the business. Now If I was to price my crop at 500 times the going rate, how much would I sell? Mmmmmm. So who is BP and the other companies that this economy hinge upon going to stay in business once no one can afford their commodity? Hope all you defenders can eat that crude. I can"t but then again I can grow my own. In 1939 when the stock market crashed,80% of the people were on the farm or involved in a home business and 20% were consumers. Mmmmm. Now there are 20% on the farm and 80% consumers. Oh well, You can defend anyone you want, but the ultimate results are as they are. Could the production of domestic oil help? Could but then the Government and states would tax it and once again greed would jump right on their heads as Bill Cosby would say. No. I think it"s too late because people are too greedy and are only out for them selves. I was raised in a time when you did things just because it was the right thing to do without expecting anything in return. I had others do for me and my family. Mmmm. Wouldn't it be nice if we thought about the future and didn't have this immediate gratification thing so deeply engrained. I wouldn't care what the priced of a gallon of fuel was, as long as it was proportional so that I could earn a living also. But if you are wealthy enough that it doesn't bother you, then congratulations for being such a prosperous and successful member of society. By the way, Pelosi is a major stock holder in Exxon. Sure she wants the prices to go down. Yeaa. Mmmmm.

Y all be good now, Ye hear?

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