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Re: OIL; Just to know
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Posted by Paul in Mich on September 16, 2005 at 08:45:25 from (205.188.117.6):
In Reply to: Re: OIL; Just to know posted by Illinois Boy on September 16, 2005 at 08:16:51:
Illinois Boy, I too agree with most of what jpf says. It isnt the President or Congress that is the problem, although Congress has done its level best to raise taxes on fuel as well as state legislators. I also agree with you that there is Greed running Amok, however, I am a firm believer that when free enterprise and Supply and Demand Economics are allowed to operate freely, that greed also evens out. Its that way in any industry. If Banks overcharge in interest, they may enjoy a temporary winfall, but will be burdoned ultimately by their out of market practices as they will lend less money as a result. If a baker gouges for the price of bread, it will eventually sit on the shelf and collect mold. If the John Deere Dealer gouges the price of a Combine or Tractor, it too will sit and rust. We all need bread and farmers need equipment, but everyone will make adjustments which ultimately costs the gougers. Even Fuel, which we hold so dear, and deem to be a dire necessity can be controled somewhat by the consumer. I say, let the oil companies have their fun now, but they will pay for it in the end provided that free market forces are allowed to work with no regulatory interference from government. Bottom line is that Capitalism works every time. Its only when corrupted or compromised that it shows any failings.
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