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Interesting viewpoint Joe and I agree.
We are not attempting to bring external producing nations into the equation
however.
My point is that the American oil companies, not their suppliers, are the
culprits.
Every business has a "cost of goods sold" on their balance sheet and the
price of crude is one of many components of the retail price of gasoline.
The profit margin for American oil companies is staggering and I am
suggesting that we force these oil companies to reduce their already
exorbitant profit margins by lowering the cost of gasoline.
Bottom line is how much is enough.
These very same American oil companies are pocketing millions of dollars per
day in net income after all operating expenses. Outlandish profits like
these are not key to the survival of the company. I have no argument with
the right of any business within the free enterprise system to make a
reasonable profit but oil company profits are way beyond reason.
They certainly would not be "hurt" if they reduced their net profits to 5
million dollars per day.
----- Original Message -----
From: "Joe Frabosilio" <joe6964@xxxxxxxx>
To: <trbowen@xxxxxxxxxxxxxx>
Cc: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, June 17, 2000 6:34 PM
Subject: Re: [RT] Re: Inflation??????
> Hi Tom,
>
> I'm in a little disagreement on this. I believe that governments in
the
> Middle East and South America have a major say in production. I agree
that its
> all about Supply and Demand. The only problem no-one trust anyone.
>
> If the US was to boycott gasoline for 30 days it would hurt the US
more than
> our friendly friends who sell it to us.
>
> TradeWell,
> Joe Frabosilio
>
> Tom Bowen wrote:
>
> > Fuel for thought.
> > Is it the government or the oil companies that set the price of
gasoline?
> > Answer = neither
> > It is the American people who set the price of goods and services.
> > If we band together and stop buying a good or service for just 30 days
the
> > price will plummet.
> > The corporations and their distributors providing these goods and
services
> > cannot withstand a 30 day period of 0 sales revenue.
> > Their stock would plummet and the management teams would loose their
high
> > paying jobs.
> > The price of just about everything is out of control and it is our own
fault
> > because we continue to pay the inflated prices.
> > We have no one to blame but ourselves.
> >
> > ----- Original Message -----
> > From: "Ira Tunik" <ist@xxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Friday, June 16, 2000 5:24 PM
> > Subject: [RT] Inflation??????
> >
> > > I think it is wonderful that the government can make the majority of
us
> > > feel good about paying only $2.00+ per gallon for gas because those
in
> > > Chicago are paying 40 cents more. When will the insanity end? It
> > > appears that they can fool the majority of the people most of the
time.
> > >
> > >
> > >
> > >
>
>
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