Mar 7 2008
A Closer Look at the Economics of OPEC
Perhaps OPEC-onomics would have been a better word, if that could be considered a word.
Seeing the price of oil closing at nearly $106/barrel yesterday has prompted me to give cyreus consideration to the reasons why we as Americans are allowing ourselves to feel and be seen as powerless “victims” of OPEC’s price couging schemes. At [...]
Feb 21 2008
Still Being Gouged at the Gas Pump
I can understand how it might takes a lot more capital to produce a gallon of gasoline than it does to produce a gallon of bottled water. I can also see how sheer volume and not necessarily margin will dictate the size of the profit that a business entity ultimately makes.
What I cannot understand [...]
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