Reply #19: Fair is what the market says, not what you say.

[wtmusic]

Your first article is from 2008, and the current rise in price of crude, as I've pointed out, is about 1/3 of last year's rise in the price of gasoline - so regardless about what they say about the "soaring price of crude", the price of gasoline is "soaring" about 3x higher.

And those poor refiners? Take a look at how their stock has done over the last two years:

http://www.kiplinger.com/qm.html?qm_page=25760&qm_symbol=FTO
http://www.kiplinger.com/qm.html?action=showMarkets&qm_symbol=VLO
http://www.kiplinger.com/qm.html?action=showMarkets&qm_symbol=TSO
http://www.kiplinger.com/qm.html?action=showMarkets&qm_symbol=ALJ
http://www.kiplinger.com/qm.html?action=showMarkets&qm_symbol=WNR

Everyone of them going through the roof. My heart is fucking bleeding. :cry:

There's a remarkably easy answer: enforce the Sherman Act. As was done exactly 100 years ago against Standard Oil of New Jersey. Apparently Big Oil has forgotten that that kind of bullshit is illegal.

http://en.wikipedia.org/wiki/Standard_Oil_Co._of_New_Jersey_v._United_States