Peak Oil
Donate Bitcoin

Donate Paypal


PeakOil is You

PeakOil is You

Oil consumers gouging producers?

Discussions about the economic and financial ramifications of PEAK OIL
Post a reply

Oil consumers gouging producers?

Unread postby mattduke » Tue 23 Dec 2008, 11:26:39

Just curious what price level constitutes gouging of the producers.
User avatar
mattduke
Intermediate Crude
Intermediate Crude
 
Posts: 3591
Joined: Fri 28 Oct 2005, 03:00:00
Top

Re: Oil consumers gouging producers?

Unread postby dinopello » Tue 23 Dec 2008, 11:33:46

mattduke wrote:Just curious what price level constitutes gouging of the producers.


I would say any time you are payling much less than what you would be willing to pay. If gas was $10 a gallon, I'd probably be buying the same amount I do now (not all that much). So I'm taking them for everything their worth right now.
User avatar
dinopello
Light Sweet Crude
Light Sweet Crude
 
Posts: 6088
Joined: Fri 13 May 2005, 03:00:00
Location: The Urban Village
Top
Post a reply

Return to Economics & Finance

Who is online

Users browsing this forum: No registered users and 24 guests