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Old 05-31-2008, 09:05 PM
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Michael1 Michael1 is offline
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Default Re: Oil drops below $129 a barrel on demand

Quote:
Originally Posted by saltwn View Post
Have you ever seen the price of anything go back down? Like they find a better and cheaper way to refine sugar or something and then the company directors are going to pass that on to the consumer? Won't happen.
Well, I suppose you're right because if oil companies earn about 1% more profit than the average company some politician will surely come along and confiscate those 'excess profits'. Oh wait, that already happened.

So to your point, I'm not at which stop along the way to market excess profits will be taken, but I'm sure the government will find a way to tax those profits so that the American public continues to get screwed.
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