Archive for the ‘gas’ tag
Great short video presentation on the dollar (2007)
Although the below film is outdated and does not reflect the recent swing towards the dollar, it rings true and projects where it will go. I don’t see the other currencies being too successful either though, considering they aren’t gold backed either. That is why I strongly support gold silver and oil (GLD, SLV, USO or BP). I own USO and BP.
So we can all see that the gas companies are collaborating on price, otherwise there wouldn’t be such huge profits.
I would think this is quite obvious. When all companies of one industry are profiting enormously at around the same rate for a long period of time, capitalism is not working correctly. What this means is that if it were, than there would begin to be a lower cost provider, even if it is a commodity. There can still be cheaper providers of other commodities, with competition the price of gas should be based on more than just the price of the raw product, or even the cost of the refined product. It should be based on marketing and margins of allowable loss in order to convince the customer to use their product. When the obvious doesn’t happen look to collusion.
