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Ranchers.net

The price of fuel and gas has got me bothered. I just for the life of me can’t see how we avert a strong economic down turn due to rampant inflation with this high increase in energy cost. Just think about it. Every industry uses energy and when the cost of energy goes up so does the cost of the products. Well if cost of products go up then people will have to draw more pay in order to be able to afford to go to work. Thus, the cost of labor goes up so products go up.

It is my understand that the oil companies are turning record profits with the high gas prices. I have always been for the free enterprise system and charging whatever price one can get. But it looks like the free enterprise system without competition will not work. Are the big oil companies fleasing America?

Please, some of you economic types help me understand this. Why does a gallon of gas have to sell for twice as much as it did last year? Does it cost that much more to make it?

If I had the money and know how, could I build a refinery, sell gas for $2.00 a gallon, and make money?
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