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</x-html>From ???@??? Sat Jun 17 21:52:39 2000
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Subject: [RT] Re: Inflation??????
Date: Sat, 17 Jun 2000 22:43:11 -0500
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Status:
Hear, Hear, Yeah, Yeah,
As soon as we have the exorbitant profits of the oil companies under
control, and Microsoft's, we can go after all those nasty traders who are
reaping exorbitant profits from all the global markets. In fact, why not
just outlaw profit all together. You know, like they did in Russia.
Michael
----- Original Message -----
From: "Tom Bowen" <trbowen@xxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Cc: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, June 17, 2000 21:07
Subject: [RT] Re: Inflation??????
| 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.
| > > >
| > > >
| > > >
| > > >
| >
| >
|
|
|
|
|