Again, why is there something wrong? How are we getting screwed? At what price should fuel be sold? Should that price reflect one's ability to pay? If so, what determines one's ability to pay? Does such an approach apply to anything for sale? How about vehicle repairs and tires? What about medical care? In another post, Babe railed against the price of rice. Does that approach apply to all food?; most foods?; alot of foods? At what fuel price is nothing wrong or not screwing us?
Well, there is a slight difference in how the oil market works than a normal market works. There are three huge players in the market. There are producers of oil, there are consumers of oil, and there are speculators/traders. As much as we consumers drink up oil like a thirsty dog, the price is also being driven up by speculation --- guessing some middle men started to control the supply and making it less flexible, and reducing ability of the supply to meet the demand. Which means the current oil crisis is the result of manipulation and does not reflect the true value.
And these speculators doing extremely well with the exception and at the expense of the general population.
"Patriotism is supporting your country all the time and your government when it deserves it"
