Say for example I make Pure Vermont Maple Syrup. (and I do)
And Ahab the Arab (Ray Stevens 1962) makes another type of Syrup.
And then say for example the government prevents me from drilling
Holes in my trees. Limiting my production capability. I will charge as
Much as I am able so I can make all the $$$ that I can with the limited holes
I am allowed to use. Ahab will closely monitor the price I am getting.
He will then charge just the same +/- a few cents because he wants to
Make the same $$$ I am. If I am able to drill as many holes as I want
or can handle in my personal operation. I will have more product and will
lower my price so I may sell it all. Ahab will see that and lower his price.
If he does not everyone will buy from me and he will be unable to buy
His child that new camel he wants. It is so simple a tree hugger can
Figger it out.
"So what is big is not always the Trout nor the Deer but the chance, the being there. And what is full is not necessarily the creel nor the freezer, but the memory." ~ Aldo Leopold
"The Greatest Obstacle to Discovery is not Ignorance -- It is the Illusion of Knowledge" ~ Daniel Boorstin
"Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It may be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated, but those who torment us for our own good will torment us to no end for they do so with the approval of their own conscience."
C S Lewis
It's a great day to be importing so much of our oil from the middle east with Muammar Gaddafi killing Libyans left and right. Crude is up, Brent is up, gold is up, silver is up and nobody over there can buy groceries because all we know how to do is print money and further the genocide. I guess it's no big deal...who needs Libyans anyway, right? I can't wait for $5 gas and $10 bread. I'm sure Muammar Obama and Muammar Salazar won't let that happen and will finally decide that what's best for this country is to drill for our very own oil on both coasts, Alaska and the Gulf of Mexico. Maybe they'll throw in nat gas, nuke energy and coal, too.
We live in Cuba now.
The only thing the oil companies here want is to make the most money they can and not cut their profits by lowering their price they get paid for a barrel of oil even if they could produce more.
Have you seen the profits these oil companies make?
From The Spectulators: Greed!
This is what he was all about!:
Vinny last hunting year
53 pheasants in South Dakota 200 + ducks in Idaho
Lasting memories Vinny was 13+ years old!
Drill Baby Drill.... Drill Here, Drill Now... Come on Roger, you can say it
2. Crude is a fungible commodity. Oil companies don't need to cut their price to sell more. What's still in the ground is only going up in value.
3. Profit is relative. Looking at it as a percentage of sales it's not excessive.