Supply and Demand

[wordsmythe]

You are SOOOOOOOOOO RIGHT Wordy!!!!!

You'd think that those greedy oil barons would be able to do with the same amount of profit despite the higher price at the pump. I agree 100%. The whole concept of them taking a "percentage" is unnecessarily greedy. They should be able to "do" with the same amount even though the price goes up right? The whole percentage thing seems unfair doesn't it?

Let's examine this whole percentage thing...

A flat amount would mean that they should be able to do with the same amount, regardless of what the price is at. That would seem fair right?

A percentage means that when the price goes up, so do the profits for the oil barons. That doesn't seem as fair, does it?

Now, a graduated percentage would be even worse. That would mean that the higher the price, the higher the percentage would be for the oil barons. The thought if this seems ludicrous doesn't it?

But you want it that way for the government.... Payroll taxes work this way. You want people to bequeeth more of their money to the government based upon the most unfair method, the graduated percentage.

It's okay when this happens to "rich" people....

But when it happens to wordy...well, that just ain't right!

Nice deflecting there.

I have no problem with them making more profit from more sales at all. I have no problem with them even takcing on a bit but when your profits go from profitable to OH MY GOD WE'RE GETTING RICH AS HELL over night... it's not justifyable.

[Tee]

Nice deflecting there.

I have no problem with them making more profit from more sales at all. I have no problem with them even takcing on a bit but when your profits go from profitable to OH MY GOD WE'RE GETTING RICH AS HELL over night... it's not justifyable.

I said I agree with you 100%. Where did I deflect? Jeeeze!!!!!!! even when I agree with you.....

[Tee]

...however you really did "deflect", by saying that "I deflected" instead of answering the assertion that you were being a hypocrite by calling the percentage profit "unfair" for oil barons but "not unfair" for the graduated payroll tax on tax payers.

That's alright cause I knew with about 99% certainty that you wouldn't be able to address it.

[wordsmythe]

...however you really did "deflect", by saying that "I deflected" instead of answering the assertion that you were being a hypocrite by calling the percentage profit "unfair" for oil barons but "not unfair" for the graduated payroll tax on tax payers.

That's alright cause I knew with about 99% certainty that you wouldn't be able to address it.

You're going to have to point out where I made that assertion because I don't see where I made any such claim.


Read slower.

I said that when the price of raw material goes up I expect that to be passed to the consumer. When the producer makes excessive profits from it then that's gouging.

If you have a point of some kind please just make it instead of trying to pull this stuff out of your ass.

[wordsmythe]

The oil companies would drill for more oil IF THEY COULD and refine more oil if they COULD. SOMEONE keeps them from doing it.....

I know you believe that whole heartedly and dearly wish that were the real problem.

but it has nothing to do with my original post at all.

I conceed that the price of the raw material has gone up and didn't even mention whether they had anything to do with it. My question is Why are they making such a higher percentage of profit than before the price of oil went up and how can they justify it?

It's not like there's any kind of gas shortage. The gas is there the oil is there yet the percentage of the price I pay going into their pocket out paces the price of the rise in the cost of oil.

How's that work?

[Army_of_One]

What stinks is that these same oil companies who keep raising the prices up, are reluctant to show the profits they have made! Last time I heard, for one quarter they showed a profit in the "BILLIONS" of dollars! That is, after everything is paid for by them, they show this kind of profit! What the hell? I just can't seem to help not feeling much pity for those poor stock holders who have to be on welfare just to get by! You know, because of the price of a gallon of gas etc.! Greed is a terrible thing, but when its "uncaring greed", that is when it becomes sinful! But, do you think people like this, care much at all? Probably not! Not at all!

Do you think the oil companies set the price of a gallon of gas? If you want to talk about greed talk about the gov't. They make MORE off of a gallon of gas than the oil companies do. If you want to talk greed talk about banks and their larger profit margin. What is "uncaring greed"? The oil companies pay more in taxes than you can imagine. I'm not trying to defend them but you chastise them for something I don't feel they control. They pump it and sell it....with the price as it is I'm sure they are pumping as fast as they can and selling as much as they can. If you want them to sell less they could but that would only drive the price higher. You seem to have a dislike for anyone that is successful.

[Detector]

OK, here is my take.

Wordy's pictures become very popular, and in fact become an obsession. Americans can't go to the store, to work or any where without having to buy one of Wordy's pictures. Demand has grown so huge that Wordy is now needing fleets of trucks to deliver pictures to keep up with the demand.

Wordy looks into branching out to people willing to start producing his pictures offshore of Florida and CaliMexico where wood for his frames is abundant, but the evil Left says no. They say the Red Chested WikerWill lives in the forests where the wood would be harvested.

Wordy figures since demand is so high and ever growing, that making $83 per picture, although he is making billions from the shear quantity he is selling, can be increased to help cover the added cost of the massive fleets needed to provide for the demand, and to make the investors happy that invested in his pictures to begin with.

[wordsmythe]

OK, here is my take.

Wordy's pictures become very popular, and in fact become an obsession. Americans can't go to the store, to work or any where without having to buy one of Wordy's pictures. Demand has grown so huge that Wordy is now needing fleets of trucks to deliver pictures to keep up with the demand.

Wordy looks into branching out to people willing to start producing his pictures offshore of Florida and CaliMexico where wood for his frames is abundant, but the evil Left says no. They say the Red Chested WikerWill lives in the forests where the wood would be harvested.

Wordy figures since demand is so high and ever growing, that making $83 per picture, although he is making billions from the shear quantity he is selling, can be increased to help cover the added cost of the massive fleets needed to provide for the demand, and to make the investors happy that invested in his pictures to begin with.

However, I have a heart, a conscience and a sense of social reponsibility so going over seas doesn't happen.

Just for the sake of your argument let's say I did turn republican and do all those things.

Those lovely, and well framed I might add, photos are a want not a need. the oil companies have done everything they can to stifle alternative fuels and keep everyone using their product. Like a good dealer keeps the junkie hooked they have done it to us and now that the junkie has to have that fix it's time to get rich and jack up the price.

Like I said before, I have no problem with any company that produces and sells something while making a profit. But this is nothing but gouging and taking advantage of U.S. citizens so they can make more money than they could possibly spend in a lifetime.

[Army_of_One]

But this is nothing but gouging and taking advantage of U.S. citizens so they can make more money than they could possibly spend in a lifetime.

So you are saying that the oil companies set the price of a barrel of oil?

[Bubba]

I think he is saying that they can show they have a heart and lower the price of gasoline so that they only make a profit of $5 billion instead of an $11 billion profit. The price of oil has nothing to do with them lowering the price of gas and taking a little less profit.