Posted by IndianaRed on August 06, 2008 at 20:59:14 from (68.31.77.247):
In Reply to: Re: J Leno just said posted by tlak on August 06, 2008 at 18:39:46:
"It and other public utilities". Huh? You really need to educate yourself. Oil companies are not public utilities. I don't think you even understand the difference. They are publicly held corporations. That means anyone who wants to can be a partial owner of the company buy purchasing stocks, and benefit when the company does well, and not benefit when the company doesn't do well.
There might be a line around the block for those jobs, but there isn't, is there? That's because not everyone is qualitfied to run those companies. Why haven't you applied for one of those jobs?
If you think more supply of oil on the world market won't do anything, then you don't understand the basic principals of supply and demand. If you increase supply, price fall. If you lower demand, as we have these last few months because of higher prices, prices fall, as they currently are. Is that really so hard to wrap your brain around.
You cannot regulate oil. How would you do it? Just have the government say, "You cannot sell gasoline for more than X amount"? Well, it costs a certain amount to produce it, who would pay the difference? The government? Well, that's us. The government doesn't produce anything so it doesn't have anything, except for what it takes from us in the form of taxes. If they paid to artificially lower the price of gas, they would have to raise our taxes to pay for it. Get it?
I don't mean to insult you, that's not my intention. But you don't understand these things, so you just blame whoever think is at fault. You should learn more about basic economic fundamentals and it would make you feel better. Really. Go to the library and get a book and read. You wouldn't be so frustrated if you had a better understanding of how things work. Or don't, and just be mad. It's your choice.
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