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Dem's want to sue OPEC

Econ101

Well-known member
aplusmnt said:
Econ101 said:
Caustic Burno, you mention an economic concept here. That concept is to differentiate and then discriminate. By doing so, you can increase your profits.

The feds have not had a national policy on gas formulation and hence it has been up to the states to come up with their own policies. That allows different gas formulations to be sold in the U.S.---part of differentiation. Then they can have "supply shortages" of those particular blends, which leads to higher prices because of supply and demand forces--discrimination in price for different parts of the country.

Economists are hard at work for big companies and our politicians are taking the big bucks from them as we are getting screwed.

No wonder politicians are so low in the ratings. They aren't doing their job to protect us from big business crap.

Unless you call the environmentalist big business I think you are missing the mark here. You are correct the Feds should do something about setting some national standards for the blends of gasoline. The Dem's need to be passing legislation to this affect instead of worry about suing OPEC or Windfall taxes on the oil companies.

They are more worried about how they can get more money in Washington than solving the problems that cause higher gas prices.

I agree that this is just political hogwash. We have enough competition problems in our own country that are not being addressed.

What are they going to do next, sue Iraq for lower oil production than before the war?
 

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