http://www.intellectualconservative.com/2006/04/28/gasoline-price-gouging/ Conservative and Libertarian Intellectual Philosophy and Politics Wed, 08 Feb 2012 23:00:53 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.intellectualconservative.com/2006/04/28/gasoline-price-gouging/comment-page-1/#comment-2550 The Loft » Blog Archive » The Real Reason Why Gas Prices are Increasing Tue, 02 May 2006 03:20:06 +0000 http://www.intellectualconservative.com/2006/gasoline-price-gouging/#comment-2550 [...] The solution is to allow the market to determine the price of gas, which will force the auto and oil industries to look at alternative modes of energy as people find ways to use less gas. It is already happening. Columnist Thomas Brewton points out that ExxonMobil invested 68% of its net income over the past five years into finding and developing new energy sources, even though its profits were far less than the media has hyped them up to be. ExxonMobil’s profits compared to a company like Microsoft are miniscule; its net income to sales ratio peaked at 10% last year, which is paltry compared to Microsoft’s average of 25% to 41% ratio over the past decade. Punishing the oil companies will only take away marginal profits which they were using to invest in new energy sources. [...] [...] The solution is to allow the market to determine the price of gas, which will force the auto and oil industries to look at alternative modes of energy as people find ways to use less gas. It is already happening. Columnist Thomas Brewton points out that ExxonMobil invested 68% of its net income over the past five years into finding and developing new energy sources, even though its profits were far less than the media has hyped them up to be. ExxonMobil’s profits compared to a company like Microsoft are miniscule; its net income to sales ratio peaked at 10% last year, which is paltry compared to Microsoft’s average of 25% to 41% ratio over the past decade. Punishing the oil companies will only take away marginal profits which they were using to invest in new energy sources. [...]

]]> http://www.intellectualconservative.com/2006/04/28/gasoline-price-gouging/comment-page-1/#comment-2524 Rich Sherlock Mon, 01 May 2006 14:43:37 +0000 http://www.intellectualconservative.com/2006/gasoline-price-gouging/#comment-2524 Right on, Honker.  No ever explains why it is better for oil company profits to be in government coffers, or how that will lower prices.  No one ever defines "obscene" when talking about oil company profits, or how profit = immoral.  Oil companies are in business to make money, not to implement government social engineering experiments. Right on, Honker.  No ever explains why it is better for oil company profits to be in government coffers, or how that will lower prices.  No one ever defines "obscene" when talking about oil company profits, or how profit = immoral.  Oil companies are in business to make money, not to implement government social engineering experiments.

]]> http://www.intellectualconservative.com/2006/04/28/gasoline-price-gouging/comment-page-1/#comment-2519 honker Mon, 01 May 2006 11:40:45 +0000 http://www.intellectualconservative.com/2006/gasoline-price-gouging/#comment-2519 The simply fact of the matter is that government recieves 6 times of the amount of "profit"  on the sale of gasoline than the oil industry through taxes.  This attempt to once again penalize an industry that makes money despite government is shameless in a free market system.  Government needs to allow competition (new oil refineries) if they wish price to go down.  Only a politician could believe that by charging more in taxes an indutsry will lower the price of its product.  Where did these morons take their econ classes, Stalingrad? The simply fact of the matter is that government recieves 6 times of the amount of "profit"  on the sale of gasoline than the oil industry through taxes.  This attempt to once again penalize an industry that makes money despite government is shameless in a free market system.  Government needs to allow competition (new oil refineries) if they wish price to go down.  Only a politician could believe that by charging more in taxes an indutsry will lower the price of its product.  Where did these morons take their econ classes, Stalingrad?

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