Occupy Underground

oldsoftie

(13,538 posts)

10. Not even 1% of gas stations are owned by the oil companies.

Mon Jul 4, 2022, 08:04 AM

Jul 2022

gas stations have a small profit margin on gas too.
If you want to bring prices down you're going to have to convince the world that there is more oil on the market today than yesterday. And that there will be more tomorrow than today. And you're going to have to find some way to get US companies to increase production because their investors are pressuring them NOT to do it.
Don't even think about trying to do "price controls". Been tried & it doesnt work

Edit history

Please sign in to view edit histories.

43 replies

= new reply since forum marked as read

Highlight:

White House hits back at Jeff Bezos, saying it's 'not surprising' he thinks oil and gas companies [View all] ck4829 Jul 2022 OP

Groceries as well . .... Lovie777 Jul 2022 #1

These high prices are engineered to make Pres Biden look bad Alice Kramden Jul 2022 #2

It's called "price gouging." I'm surprised Jeffie doesn't complain more His profits are reduced by 3Hotdogs Jul 2022 #3

Exactly, he's not selling crude ck4829 Jul 2022 #4

7040 fl oz Ferrets are Cool Jul 2022 #5

He probably has... 2naSalit Jul 2022 #6

In 2008 videohead5 Jul 2022 #7

Exactly Rebl2 Jul 2022 #15

It never reached 190. I think 140 was the highest for very brief moments. Lucky Luciano Jul 2022 #22

According to what I read videohead5 Jul 2022 #29

Sorry videohead5 Jul 2022 #30

Well, yes, price gouging is a "basic market dynamic" in unregulated markets William Seger Jul 2022 #8

About those markets.., multigraincracker Jul 2022 #9

Not even 1% of gas stations are owned by the oil companies. oldsoftie Jul 2022 #10

Sounds like we should just nationalize oil production then ck4829 Jul 2022 #11

+1, along with nationalizing healthcare. n/t area51 Jul 2022 #17

Yeah, thats worked really great for Venezuela; along with all their other industries. oldsoftie Jul 2022 #20

Works fine for Russia. n/t DiamondShark Jul 2022 #34

If you hold up Russia as an example of what TO do, you've already lost the argument. oldsoftie Jul 2022 #37

Russia is still making money off of oil and gas... DiamondShark Jul 2022 #38

Russia makes money because of China & India. You want to be like them too? oldsoftie Jul 2022 #39

This message was self-deleted by its author DiamondShark Jul 2022 #40

So we should buy our gas from Iran? DiamondShark Jul 2022 #41

Because it doesnt fucking work! why is that so hard to grasp? Iran? oldsoftie Jul 2022 #42

Yeah, I don't know why you brought up Iran and Venezuela. DiamondShark Jul 2022 #43

It is price fixing pure and simple. The Jungle 1 Jul 2022 #12

Not where I am. I can get, today, 3.85 & 4 miles away 4.39. oldsoftie Jul 2022 #23

What? Every place within 10 miles of me is 5.55 to 5.65. KPN Jul 2022 #27

I'm in Ga. And actually about an hour ago I filled up @Circle K for 3.73 oldsoftie Jul 2022 #31

Shrodinger's conservatives want government to leave businesses alone IronLionZion Jul 2022 #13

What is Jeff Bezos doing to encounter inflation? KPN Jul 2022 #14

That's a good question ck4829 Jul 2022 #16

There are MANY reasons I never use Amazon. But I'm one of few. oldsoftie Jul 2022 #21

95% of what Amazon has can be bought elsewhere DBoon Jul 2022 #25

How often is that possible? I live in a remote, rural area with relatively KPN Jul 2022 #26

You find another online store and use them instead of Amazon DBoon Jul 2022 #28

Being remote, there will be times you just can't help it. Understandable. oldsoftie Jul 2022 #33

Yes! I will use them as a "search engine" so to speak. oldsoftie Jul 2022 #32

I have never spent money on Amazon. LisaM Jul 2022 #35

Same here. They're addicted. Then they'll bitch about empty stores & stuff from China. oldsoftie Jul 2022 #36

Nationalize the oil...these billionaires think the rest of us are stupid, Bluethroughu Jul 2022 #18

This is all about the fossil fuel PTB. jaxexpat Jul 2022 #19

Businesses make money by breaking markets DBoon Jul 2022 #24