Price gouging? Oil companies are seeing record profits and so too are food companies.
Is this an issue with this board or is the price gouging a good thing?
Replies to: Price gouging? Oil companies are seeing record profits and so too are food companies.
Oh no, I'm going to let you google this but 90% of all gas stations are owned by individuals.
70% by ex-pats
And? - you know that those gas stations are supplied by industry, yes? Of course you do. And they
set the price not the stations.
You really need to stop with the gotcha posts.
If you will notice, the post has a question mark on price gouging. It is meant for you to offer an opinion on whether or not
you think those industries are price gouging. Offer an opinion and save the gotcha's.
PS: I hope you and your family are safe from the fires. I pray for the rain you need.
Like clockwork, people with tiny brains ALWAYS bemoan price gouging….
….when prices rise.
They have no capacity to consider any other causes.
And that falls under the heading - I don’t know much and this proves it.
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Saudi Aramco displaces Apple as world's most valuable company.
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guess you don't have an electric car. guess your food suppliers aren't using electric vehicles,
either.
I assume you’re saying price gouging is peachy-keen by your standards.
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I don't think they are price gouging. Do you think Apple is price gouging when it charges over
$1000 for a phone and has more cash in the bank than most countries?
Is an apple phone a necessity? Fuel and groceries are.
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The Market price of oil has doubled, of course they are seeing profits incease.
Biden Admins Net Zero fossil fuel policies are a major contributor to the price of Oil because it caused US production to fall playing right into Putin's hand
You’re Chads right hand man?
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Can you copy and paste that specific policy for us to read?
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Is this sufficient?
Granted a lot of this stuff is years off, but it highlights the administration's hostility towards fossil fuels.
Link: https://www.whitehouse.gov/briefing-room/statements-releases/2021/12/08/fact-sheet-president-biden-signs-executive-order-catalyzing-americas-clean-energy-economy-through-federal-sustainability/
Cool, found something that mentions the words 'net zero'. How does that affect oil/gas prices now
esp world wide?
And this is precisely why folks don't engage you.
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Because you and other's prefer to answer in political talk versus real dialogue?
I simply asked you what in that EO you linked produces what we are seeing today at the gas pump. You replied with some belly aching.
I get this,,, but what's going on when prices fall?
And is this true for all commodities?
Does everyone gouge when given the right situation?
Do public service unions gouge because they have a monopoly?
Your questions argue that price gouging is okay with you.
My question is, do posters here think it’s okay for corps to create a supply issue or just blatantly jack up prices for greater profits in a moment of crisis and, or circumstantial inflation !?
I’m not sure how public unions (I assume you mean unions like transit and cops) or any unions can be price gougers. It also sounds like your indiscriminately tossing anything you see as fuel onto the campfire. Maybe there can be a separate thread discussing your dislike of unions at another time.
Your second ? I assume is a question on the high price of products like aspirin knowing the low cost of production. Is that price gouging? I think so, yes. It’s certainly suggests Americans have issues with judging value along with being susceptible to barrage advertising.
Can you describe a business mechanism whereby a producer’s profits didn’t increase when prices do?
Any of the mechanisms you might be able to describe would be indications of negligence on the part of the business managers.
Let’s use a gold mine as an analogy since it might be easier for you to visualize. When the price of gold goes up, the profits of gold miners go up. Why is this? The cost of extraction of gold is relatively fixed. When the price that they can sell that gold increases, the miner makes more money. When the price goes down, the miner gradually makes less money until the price decreases to the fixed extraction cost and they then cease production. Can you understand this concept, Dim?
Are you arguing that the managers should not sell their oil at the market price? I can see why you are a playwright rather than a businessman.
It’s Trump’s fault, it’s Putin’s fault, it’s the virus and it’s the oil
companies but it’s certainly not Joe’s.
Everyone is so mean to Joe, sad.
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And you’re a moron. That never changes.
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So, it couldn't be these companies are taking advantage of a global problem for higher profits?
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I wish this board would engage in real dialogue instead of political responses.
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Well...
Perhaps not comport one's self In such a combative nature, you might find you receive more enriching responses.
But you're such a dick. For reals.
No irony with your post.
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Oh please! Half the time I'm fucking with you.
Quest is just a moron.
Sorry you're such a big fucking baby Jim.
Problem is you come off as if you have a broomstick permanently stuck up your ass.
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In this thread alone, he tries to pimp and argue with everybody. He's
a sad, lonely man seeking attention. Pathetic individual
Jim and I have a special relationship...
He looks to me for approval and validation. Sometimes he disappoints me and I have to call him on it. I tell him the truth. He loves and hates me for it. Successful Christian white men drive him crazy.
Riiiight! The chèque is in the mail for this last session.
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IKR!!!
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Pot, meet kettle.
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But wait....aren't you the King of political responses
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Well so far there are three here who like companies price gouging. I'm sure more will join in.
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The Big Guy is prolly getting a cut
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