Those companies are domestic, we cannot control the prices of OPEC by law but by supply and demand we can.Do you think oil prices should be regulated like a utility?
Without a doubt. Oil needs to be nationalized and the gross profits to BP and Exxon reduced. The government subsidizes these entities and they are no more than a monopoly. When the CEO of Exxon makes $25440 an HOUR we have a corporation out of control and the common working man and woman are screwed.
Nationalize oil now.
TWO REASON NOT
One Utilities are a domestic good and oil in America is mostly a foreign good, and thus American laws are not edict on Oil prices.
Two Utilities are a natural monopoly, which firm can produce a desired output at a lower social cost than two or more firms.
If oil was run as a natural monopoly, the price would of the social cost would be skyrocketed because to offset the supply and demand.
Check out gas prices very similar right...A monopoly if I ever saw one.
Without government subsidizing the prices, this would be impossible - and with government subsidies, we will be paying for it indirectly anyway.
No they'd be even higher, trust me I know.
Oil is beyond control of the United States. Doesn't matter.
But we can control the value of the dollar. Which used to be used to pay for the oil. The lower the value of a dollar the more expensive the oil.
We are $10 trillion in debt. If we want cheaper oil pucker up and start paying taxes or cut that $500 billion military budget.
I think we should just give Detroit big tax cuts to make electric cars that get 300 miles per 15 charge, before the Japanese do, then it is a problem solved.
With the drop in oil consumption, the oil companies would have much less demand.
Get serious. The world no longer rotates around the US economy. And the world operates , by and large , as a free market. Involving the Government is the dumbest thing we could possibly do. If that's the route you want to go - let's get us an Emperor and become Commies.
No. I prefer the free market economy that was the basis of the Constitution.
Those commissions are corrupt, just like every other gov't agency/institution.
No. If prices and oil company profits were really a concern, oil consumption would drop considerably. I think I finally did hear that one month dropped recently for the first time in many decades, but we'd need the consumption to drop for a few months to really have any impact.
If that happens, then oil prices will drop in order to increase demand. The problem right now is that people are willing to pay the prices, so there's no reason for oil companies to lower them. Shame on companies for providing a product that I want at a price I am willing to pay! If price is important, people would cut back on their oil usage where they can. Instead people complain constantly about oil prices but then go fill up their boat and go zipping around the lake. Maybe if gas at the pumps hits $4/gallon, people will finally start cutting back and force the price downwards.
The danger of regulating them is that there will become shortages of oil, since at least part of the higher prices is do to supply and demand. In our case, the shortage in supply is more from lack of refining capacity but the end result is the same.
No. But I do find it interesting that the big oil companies, those guys making record profits, hold thier hands up and say they have NOTHING to do with consumer gas prices.
Nope, the free market will deal with our over consumption problems. If the prices stay high, people will start walking, riding bicycles, car pooling, and investing in making homes and cars more efficient. Eventually, when demand goes down the prices of oil and gas will too.
This will have prompted a much needed change in American culture. When the government forces the hands of the people by creating laws and regulations, a sector of society will push back against it, and continue their wasteful habits no matter the cost just to resist the forced change.
Regulated as a utility? Have you looked at your electric bill lately?? They have a fuel charge on mine that is more than the electric charge!!
No comments:
Post a Comment