Date: Sat, 28 Jun 2003 22:37:02 GMT From: 'nuther Bob <<nonenopsam.com>> Subject: Re: Why aren't gas prices dropping?
On Sat, 28 Jun 2003 08:01:46 -0700, B&D <NO_SPAMnopsamCOM> wrote: >Here in Northern California, the prices have dropped - about 15% - from the >pre-war highs. <snip> >from a prewar price of about US$2.30 per gallon of premium (hey, I drive a Saab Aero, so premium it is) to about US$2 >now. That's because you live in a state where they pump oil. You have to move to a state where they import all their oil (like MA) to get a lower price, $1.63 to $1.79 for premium. Of course, if I want really low prices you can drive 200 miles inland from the port to Vermont, where the gas is about $1.50 for premium. It all makes sense, as long as you look at it in a mirror. >> As always, big business wins. That's been true for 5,000 years. >Well, not 5000 years - try 150 years. Naw, it started in the biblical times. Take some land, steal some key trade routes, etc. Big business and government were in bed together then, their in bed together now. It's just more formal these days. >Well, before the limited liability ownership rules created in the mid-19th >century, there weren't particularly large firms and concentrations of >capital anywhere - the "big" in "big business" did not exist until the >railroad companies were founded in the 1800's (first use of the new rules). True, but (as a US example) why do you think we even had a Revolutionary War ? Take a look at the signers of the of the Declaration of Independence. Businessmen mostly. Or, you can apply the same model to the King of England... you don't take land and property for philosophical reasons, you take it for business reasons. How about all those explorers in the late 1400 & 1500's. All financed as part of a business/government venture. Go back to the Romans, etc. >Yup - just like any company will never willingly drop their profits. Oil >isn't special in this regard. Yea... I have to laugh when I hear people claim that we *need* to drill for oil in Alaska. They've been seriously brainwashed into thinking that somehow *they* will benefit from the oil companies drilling for oil in Alaska. LOL. You can be for or against the drilling, but please don't think that any oil company will ever sell barrels of oil below market rates just because they pumped it on US soil. Bob