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Old 03-09-2005, 12:57 PM
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Midtowner Midtowner is offline
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Default Re: Gas prices: demand or price gouging?

My biggest problem here is that price fixing and self-dealing are interfering with free trade (let's not mention the idiocy that should not even get a second thought in the Oklahoma legislature). Oil is at an all time high not because of a world-wide shortage, but speculative buying based on fears on attacks on oil infrastructure has kept prices up. In other words, terrorists are making people rich. It's an unholy alliance that is really quite interesting to see -- oil and gas allied with terrorists...

Here's a link to a story in the New Zealand Herald from March 6th where the Saudi Foriegn Affairs Advisor says that oil prices are "unrealistically high".

http://www.nzherald.co.nz/index.cfm?...ectID=10114168

I'm a big believer in the free market taking care of things. Unfortunately, when you have collusion of the 'big guys' to jack up the prices, the free market is damaged severely. This is one fo the few times that government should step in in the form of some sort of anti-trust action to make sure that this doesn't occur.