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Gas prices 2+2 = 5

JIMMY12345

Active Member
Selling price - cost price = profit

This for our gas/energy suppliers.The profit of energy companies has rocketed.This is of course due to increase in cost price .Russia cutting supplies and competition between countries for whats left.One would expect the energy company profits to remain consistent year to year including 2022.This would argue for the profit to be so so so high all the energy companies must have raised the selling price massively and simultaneously. Out of all proportion to the increased cost price.Are we being conned?
 

PureX

Veteran Member
Selling price - cost price = profit

This for our gas/energy suppliers.The profit of energy companies has rocketed.This is of course due to increase in cost price .Russia cutting supplies and competition between countries for whats left.One would expect the energy company profits to remain consistent year to year including 2022.This would argue for the profit to be so so so high all the energy companies must have raised the selling price massively and simultaneously. Out of all proportion to the increased cost price.Are we being conned?
It's called a "captive market". And it results in price gouging the buyers because the sellers all know that the buyers have to buy what they're selling. They will inevitably keep inching their prices up to seek the maximum cost their buyers can endure because they all want the same result: to trade as little as possible for as much as possible. They are not looking for greater sales volume, they are looking for greater profit. They don't fear some loss of sales volume so long as the increase in profit covers or exceeds it. And they know we are not going to stop buying their product all together because we have to have it. So any excuse for them all to suddenly jump up their prices will be taken advantage of. Why not? What are we going to do about it? It's not like we can stop buying what they sell.

But they need some excuse to do it, or we're all going to realize we're just being price-gouged by greedy corporations that care only about their profit margins. And then we might demand our government do something about it. Like setting price caps.
 

Estro Felino

Believer in free will
Premium Member
I have not understood why the caprices of some lounge-loving and carefree elites should be paid for by the populace.
Have they decided to set up an economic war, by sanctioning Russia?
Well, they need to pay for this whim of theirs.
These elites will have to reimburse the people, as for all the extra money paid because of the rising cost of power. The rising cost of fuel. And the rising cost of living.
 

Estro Felino

Believer in free will
Premium Member
It's called a "captive market". And it result in price gouging the buyers because the sellers all know that the buyers have to buy what they're selling. They will inevitably keep inching their prices up to seek the maximum their buyers can afford to pay because they all want the same result: to trade as little as possible for as much as possible. They are not looking for greater sales volume, they are looking for greater profit. They don't fear a loss of sales volume so long as the increase in profit covers or exceeds it. And they know we are not going to stop buying their product, because we have to have it. And any excuse for them all to suddenly jump up their prices will be taken advantage of. Why not? What are we going to do about it? It's not like we can stop buying what they sell.
As I said in my thread about Socialism, what you describe in this post is the most emblematic example of how socialism is killed every day by certain elites.
I am confident that the US people will not undergo passively all this.
 

Revoltingest

Pragmatic Libertarian
Premium Member
Are we being conned?
Not by fuel companies.
They always charge as much as they can.
That's why prices rise sometimes, & fall
other times.
One real con I see is politicians making hay
by complaining when prices rise, then proffering
a "gas tax holiday"....all the while exhorting the
benefits of electric cars & clean energy.
 

Estro Felino

Believer in free will
Premium Member
Not by fuel companies.
They always charge as much as they can.
That's why prices rise sometimes, & fall
other times.
One real con I see is politicians making hay
by complaining when prices rise, then proffering
a "gas tax holiday"....all the while exhorting the
benefits of electric cars & clean energy.

That's the evidence that Europe is socialist, whereas the United States is not.
Since the European states have been reproaching fuel companies and electricity companies, and the EU is trying to find a solution.
Here the State is obliged to intervene.
Because there are strikes and demonstrations everywhere. From Glasgow to Rome.
 

Truth in love

Well-Known Member
Selling price - cost price = profit

This for our gas/energy suppliers.The profit of energy companies has rocketed.This is of course due to increase in cost price .Russia cutting supplies and competition between countries for whats left.One would expect the energy company profits to remain consistent year to year including 2022.This would argue for the profit to be so so so high all the energy companies must have raised the selling price massively and simultaneously. Out of all proportion to the increased cost price.Are we being conned?

Free market 101
Everyone wants to make as much money as they can.
Anyone there is much money being made someone else will try to get in on it.
The competition forces prices to stay somewhat low.

Now where this does not work out well is when there are complex regulations, special taxes, revoking permits that had been granted etc.

we can have gas for $1.50 a gallon or lower.


1. Allow pipelines.
2. Ban "green" polices in the finical markets (which make it hard to raise money to invest).
3. Stop subsidizing green car projects (you know the heavy ones that don't pay for the roads they drive on).
4. End extra taxes on energy production.
5. No more ethanol mandates.
6. Sell BLM lands and the Park systems.


Your welcome
 

Alien826

No religious beliefs
I have not understood why the caprices of some lounge-loving and carefree elites should be paid for by the populace.
Have they decided to set up an economic war, by sanctioning Russia?
Well, they need to pay for this whim of theirs.
These elites will have to reimburse the people, as for all the extra money paid because of the rising cost of power. The rising cost of fuel. And the rising cost of living.

Is there any reason you are not mentioning the Ukraine war?
 

Alien826

No religious beliefs
Free market 101
Everyone wants to make as much money as they can.
Anyone there is much money being made someone else will try to get in on it.
The competition forces prices to stay somewhat low.

Now where this does not work out well is when there are complex regulations, special taxes, revoking permits that had been granted etc.

we can have gas for $1.50 a gallon or lower.


1. Allow pipelines.
2. Ban "green" polices in the finical markets (which make it hard to raise money to invest).
3. Stop subsidizing green car projects (you know the heavy ones that don't pay for the roads they drive on).
4. End extra taxes on energy production.
5. No more ethanol mandates.
6. Sell BLM lands and the Park systems.


Your welcome

7) Find a place well above sea level to live.
 

Estro Felino

Believer in free will
Premium Member
Is there any reason you are not mentioning the Ukraine war?
It was implicit.
But I don't see why the European people has to suffer the consequences of rising cost of power and fuels, just because there is a conflict that has nothing to do with us.
 

Truth in love

Well-Known Member
7) Find a place well above sea level to live.
LOL well I did that years ago for different reasons.

Al Gore does not believe the sea levels are going to rise much. PHOTOS: Al Gore'e New $8.875 Million Montecito Villa
Neither do the Obama's Obama house: tour Barack and Michelle's new Martha's Vineyard home
Seem John Kerry is thinking the same IRONY ALERT: Biden’s ‘Climate Czar’ John Kerry Owns $12 Million Beachfront Home | The Daily Wire

Now I have no doubt we will keep having storms, floods earthquakes etc, but many of the most vocal preachers of the sea rising don't actually believe it. (Actions speak louder than words).
 

exchemist

Veteran Member
Selling price - cost price = profit

This for our gas/energy suppliers.The profit of energy companies has rocketed.This is of course due to increase in cost price .Russia cutting supplies and competition between countries for whats left.One would expect the energy company profits to remain consistent year to year including 2022.This would argue for the profit to be so so so high all the energy companies must have raised the selling price massively and simultaneously. Out of all proportion to the increased cost price.Are we being conned?
No. That’s what happens with any traded commodity when demand exceeds supply and supply is inelastic, i.e. there is no extra supply readily available. The usual swing producer, Saudi Arabia, is refusing to increase production to compensate for Putin.

Don’t forget that most fossil fuel is the property of national oil companies, not the oil majors. Oil majors own about 8%, if I recall correctly. So it is the countries that own the commodity that are responsible for the price. Not Exxon etc.
 

Revoltingest

Pragmatic Libertarian
Premium Member
That's the evidence that Europe is socialist, whereas the United States is not.
Since the European states have been reproaching fuel companies and electricity companies, and the EU is trying to find a solution.
Here the State is obliged to intervene.
Because there are strikes and demonstrations everywhere. From Glasgow to Rome.
We're socialist here in Ameristan.
We have public roads & schools.
We have welfare, Social Security, & Obama phones.

<snicker>
 

Estro Felino

Believer in free will
Premium Member
No. That’s what happens with any traded commodity when demand exceeds supply and supply is inelastic, i.e. there is no extra supply readily available. The usual swing producer, Saudi Arabia, is refusing to increase production to compensate for Putin.

Don’t forget that most fossil fuel is the property of national oil companies, not the oil majors. Oil majors own about 8%, if I recall correctly. So it is the countries that own the commodity that are responsible for the price. Not Exxon etc.
I would like to understand why Germany should get petroleum from SA and not from very close Russia.
 

Shadow Wolf

Certified People sTabber & Business Owner
can have gas for $1.50 a gallon or lower.


1. Allow pipelines.
2. Ban "green" polices in the finical markets (which make it hard to raise money to invest).
3. Stop subsidizing green car projects (you know the heavy ones that don't pay for the roads they drive on).
4. End extra taxes on energy production.
5. No more ethanol mandates.
6. Sell BLM lands and the Park systems.
That's a sollution for a suicidal death wish for us many, many more species that will run society off the cliff when we run out of oil.
Amd sell the Parks? Those are Americana, ingrained into the American Spirit, a part of who amd what this nation is and you want to sell them? How is that not selling your birthright for a bowl of porridge.
 
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