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Originally posted by boncho
The oil exploration and refining industry is anything but a free market. It has been consolidated over the years and monopolized.
Simple.
Pay us, or you can't drive?
I am not asking for free gas here man, I am asking that we should not have to pay for some
gambling scheme invented by billionaires. What is the use of it to any of us?
Yes but the markets are free to manipulate prices, nobody is forcing them to do it.
Originally posted by PaxVeritas
reply to post by mastahunta
The Oil and Gas CARTEL is called a CARTEL for a reason.
en.wikipedia.org...
en.wikipedia.org...
And most of the gas companies are descendants of this... en.wikipedia.org...
Nobody has the money or the political and lobby power to explore oil regions or drill for oil or refine petroleum. So cartels have formed by major MONOPOLIES all in concert with International Governments.
Your understanding of "free market" is grossly flawed and the premise for the thread is moot.
Originally posted by boncho
reply to post by mastahunta
Pay us, or you can't drive?
I am not asking for free gas here man, I am asking that we should not have to pay for some
gambling scheme invented by billionaires. What is the use of it to any of us?
Well, technically you could carpool, take a bus, train or some other type of transit. In most places in North America, for some reason that's socially unacceptable. In some cases not entirely feasible, but regardless it isn't very popular.
It is not flawed, it is right on.
If you study economic there are several business venture that can constitute Oligopoly.
Oil is one of them, because the demand of oil never really changes for us, the entire market
is not truly subject to the laws of supply and demand, the demand is virtually fixed.
Lets get all logical here for a second.
If there were no government would that stop oil speculation? Do you have ANY control
over that?
Originally posted by PaxVeritas
Oil Cartels don't represent 'the Market". It's part of a market, but a small part.
It's a resource industry, which very few have access to owning or competing in.
Big Oil and Gas and much of Energy are legal monopolistic corporations.
But if everyone got angry and demanded lower prices we would get somewhere.
How many people do you see picketing gas stations in droves?
There are none. People are too bust arguing about religion and birth control.
Originally posted by PaxVeritas
Originally posted by mastahunta
Originally posted by PaxVeritas
It is not flawed, it is right on.
If you study economic there are several business venture that can constitute Oligopoly.
Oil is one of them, because the demand of oil never really changes for us, the entire market
is not truly subject to the laws of supply and demand, the demand is virtually fixed.
Lets get all logical here for a second.
If there were no government would that stop oil speculation? Do you have ANY control
over that?
No, it IS FLAWED. you don't know what the hell you're talking about.
You just ADMITTED that oil is an oligopoly. An oligopoly constitutes a small few which have access to a large demand. That is essentially a monopolistic venture, which CANNOT be free market capitalism.
You ALSO just admitted that the prices are FIXED. Which is not market driven, which is not free market.
So twice by your own words you shot your own premise down.
Give up dude.
You know damn well that Big Oil does not represent the 'free market'.
You're just going to keep spinning it as such because you can't back out of your own thread and reverse. And I would be surprised if you actually had the guts to concede because most people who create a thread on ATS defend it to the hilt even though they are proven flat out WRONG.
Odds are you're going to do the same.
Originally posted by FortAnthem
reply to post by mastahunta
It isn't "market forces" that are driving gas prices; its market speculation.
If market forces were driving gas prices, the law of supply and demand would determine the price.