Re: Obscene Theft

js wrote:
> George Z. Bush wrote:
>> js wrote:
>>> George Z. Bush wrote:
>> (Snip)
>>
>>>>>>> But just for grins, tell me again how the oil companies manipulate the
>>>>>>> price of gasoline.  Just curious about the economics of it all.  What's
>>>>>>> your explanation?
>>>>>>
>>>>>> You have a short memory to go along with your other shortcomings?
>>>>>
>>>>> OK - So, tell me again?
>>>>
>>>> Why should I?   Would it make you smarter?  I doubt it.  Anyway, it won't
>>>> look
>>>> any different the second time than the first.  If you don't get it, you
>>>> don't get it.
>>>
>>> So, you can't replicate what you've said?.....
>>
>> Of course I can, but I don't intend to.  I've already told you that....I
>> didn't realize that you had a comprehension problem and couldn't understand
>> those few simple words.
>
> Here is what you said, George:
>
> "What we inevitably jump on is the practice of price-gouging an
> unsuspecting
> public at the gas pumps.  Those inordinate profits did not come from
> improved
> efficiencies in the operation of the companies....they came from
> stealing from
> the public at the pumps."
>
> Now, explain, please, in economic terms, how this manipulation happens.
>
>
>>> ........I see....never mind. It's a
>>> typical argument in NGs - it happens when one person says something
>>> totally stupid, is challenged, and then realuizes their stupidity and
>>> types - "well, if you didn't get it the first time...."
>>
>> Nonsense.  It has nothing to do with what I "realuize" (sic).  When it comes
>> to making stupid statements, I have to bow to your superior skills in that
>> area. There are numerous arguments one encounters in NGs for a poster to
>> discontinue paraphrasing those of his thoughts that were made in the
>> fruitless hope that the mentally deficient reader might understand them.
>
> This is what you said:
>
> " What we inevitably jump on is the practice of price-gouging an
> unsuspecting
> public at the gas pumps.  Those inordinate profits did not come from
> improved
> efficiencies in the operation of the companies....they came from
> stealing from
> the public at the pumps."
>
> Please explain in economic terms how this manipulation happens.

Res ipsa loquitur.
>
>> Foremost among them is the realization that the reader doesn't want to accept
>> the reality that there are others who don't share his view of events.
>
> I want to know how.  I know that gasoline prices are higher today than
> they were a year ago.  I know that Oil company profits are higher this
> year than last.  I want you to justify the statement that prices and
> profit changes resulted FROM "...stealing from
> the public at the pumps." and/or "...price-gouging an unsuspecting
> public."
>
> Your statements - now show me how this happens economically.

Res ipsa loquitur.

> And George - telling me it is obvious and requires no explanation isn't
> going to cut it.  You made the accusation, now show me the data.  Show
> me how this market manipulation works.

In quaint terms, if it sounds like a duck, looks like a duck and walks like a 
duck, it's a duck.  You figure out how they were able to make so damn much more 
profit than they did in the past without doing a single thing that they hadn't 
also done in the past in order to accomplish that laudable goal.  Let me know 
what you come up with.

George Z.


.

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