Re: Motor Oil Cartel ? Price is a Ripoff.

jim <"sjedgingN0sp"@m@xxxxxxx> wrote in
news:GKudnfAKmdufZB_UnZ2dnUVZ_sfinZ2d@xxxxxxxxxx:



Tegger wrote:



Oil's not doing anything useful under the ground, but it's doing
plenty useful above it. The more the merrier, I say.

With that logic I might be inclined to feel that if money is just
sitting in your pocket since it is not doing anything useful I
should be entitled to it.


Poor analogy. The money in my pocket explicitly belongs to me and not
you. If you try to take it away from me without my permission, I will
shoot you or call the cops.

OK so I hit you over the head while you aren't looking and then empty
your pockets. The point was that claiming that oil in the ground has
no value




You're confusing value with ownership. Having no ownership is not at all
the same thing as having no value.

If you hit me over the head and take my money, you are taking something I
own, which is quite independent of any value it may have to you or me. The
concept of "theft" is predicated on ownership, not value.

Something can have ownership, but no value, such as most of the stuff you
see at garage sales. Other things can have substantial value, but only if
somebody manages to obtain and use it. The water in the lakes in Canada's
frozen Northwest is valueless to us in the southeast because we can't
economically obtain it.

Oil under the ground IS valueless until it's extracted (or becomes known to
be extractable). Only then does it become worth anything, even though it
might be owned by somebody all along.




is exactly like claiming the money in your pocket has no
value. Your the one whining about 90% of the oil is in the pocket of
some government. What are you proposing to do about it? Hit them over
the head and take it?



Or we could stop /them/ from hitting other people over the head and taking
it, which is exactly what Hugo Chavez just did, and what Mexico did in the
'30s, and what Russia did to Khodorkovsky, and, and...




--
Tegger

.

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