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Monday, November 21, 2005

Office Irritants

I just spent lunch talking with a person who believes that oil companies should be “held accountable” (read: punished) for their “excessive” profits over this last year. I really should just learn to keep my mouth shut and my opinions to myself. Not only does it not change anyone’s mind and not only does it end up with me rolling my eyes in frustration, but the arguments are almost invariably with one of my boss’ sons.

I’ve said it before and I’ll say it again: why should an industry be punished for selling a product at a price that consumers are willing to pay?

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Because. Some. People. Are. Stupid.

Any other questions?

on Nov 21 2005 @ 02:38 PM

No. I think that actually clears up quite a few things for me.

on Nov 21 2005 @ 02:41 PM

Well It’s not like cars can run on anything else. So I wouldn’t exactly say that people are willing to pay that much it’s just that there’s`not a whole lot of other choices.

on Nov 21 2005 @ 03:43 PM

No, but they could moderate their driving, they could take the bus, and they could buy more fuel efficient vehicles. Some of this started to happen, but it would seem that the grand majority of us continued on doing pretty much what we’d done before. That leads me to believe that, despite the griping, for most people it wasn’t that much of a hardship--if it had been, I think our habits would have changed far more dramatically.

on Nov 21 2005 @ 03:50 PM

Trench - If you really want cars to run on something other than oil, you should desire high gas prices.

on Nov 21 2005 @ 05:18 PM
Rae

Now, if they hadn’t hiked prices and next year had to file Chapter 11, “certain people” would bitch about the fact that they didn’t hike prices when they could so as to have a bit of extra in the bank.  What’s so unethical about that?  (Having extra in the bank, that is).  Isn’t that the goal of business-- to make profit not just break even?

on Nov 21 2005 @ 05:28 PM
Rae

Nice.  Real nice.  The goal of bloggers should be to review their comments and correct broken...broken...that thing up there.  Another goal of bloggers should be to be knowledgeable of the lingo.  Yeah.

on Nov 21 2005 @ 05:30 PM

Fixed your thingy. I think.

on Nov 21 2005 @ 05:32 PM

I think it depends on the item. Oil is a basic necessity, at least until better alternatives come around, and it affects the cost of all goods--so I do think the pricing deserves closer scrutiny than, say, the price of elbow macaroni. And when the producers of oil enjoy a near monopoly, they need to be examined to see if there was any collusion on price-fixing.

I think a lot of people have taken steps to mitigate their oil consumption--reduced trips, carpooling, and other things. I know I have.

Matt is right though. I don’t think people’s auto buying preferences will put significant pressure on the car manufacturers until the monthly cost of gas approaches the combined monthly cost of car payments and insurance. If you have a $650 car payment and a $250 insurance payment, who cares whether you’re paying $150 or $250 a month for gas?

on Nov 21 2005 @ 05:32 PM

Rae - The goal of bloggers should be to make profit. Excessive profits, if possible.

on Nov 21 2005 @ 05:36 PM

Damnit, I knew I was blogging wrong.

on Nov 21 2005 @ 05:38 PM
Rae

Thanks, Z, for fixing my thingy.  Erm, I think. red face

on Nov 21 2005 @ 07:35 PM

Maybe you could point out to said whack job that the unexpected $4 billion dollars in the California treasury is largely due to...wait..just hold on...take a deep breath...OIL COMPANY PROFITS. Oh, and the evil rich people and their payment of the majority of the income tax revenue.

Don’t get me started on the fact that $4 billion dolars was suddenly found. Totally unexpected. This actually puts us in a good position budget-wise for a year or so.

on Nov 21 2005 @ 11:59 PM
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