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[quote user="DMUinCT"]    Don't worry about $7 a gallon Gas.     People are running out of money.  It won't be a Recession, we will be in the Second Great Depression by then.  Look what happened to the Railroads and Car Companies in the 1930s.   I do believe in Capitalism, it has built this Country.  But, both your and my towns have but ONE Cable system (they sell TV, Phone, and Internet),  ONE Phone Company (they sell Phone, Internet, and TV).  I have Cox Cable and AT&T.   Can't get Verizon, can't get Comcast, it's Regulated and awarded by the City or State as vital service to the public.    Same with Electric, CL&P, and the Gas company, Yankeegas.  Rates approved by the State.     Now, do youall really believe the Oil Companies COMPETE with each other?   The price is always within a few cents for all companies in town, go to the next town, all are a few cents (more or less) within that area?????      If you abuse the "Pricing Privilege" of Capitalism, then it's time for action.  In Capitalism, if a Shortage of product builds, Companies increase production to make more money and fill the short fall.   If you hold or cut production while increasing Price, what's that called.       I am reminded when the price of SILVER was pumped to 4 times True Market Value 25 years ago.  [/quote]You seem to be suggesting that there is some type of collusion or price fixing on the part of the oil companies that is happening.  I would think that there are plenty of watchdogs that would blow the whistle if that were the case.  Demand is soaring.  Look at China.  How many million new motorists are created there every day?  And their government subsidizes the fuel price so those new drivers can afford it.  Their government can afford to provide the subsidy because we buy all our consumer goods from them.I don't think the price run-up is the result of capitalism getting out or control.  If anything I think the scarcity that is causing the price rise is being caused by the thwarting of capitalism by the anti-capitalist factions of our government.  Otherwise, as you say, companies would increase their production to take advantage of the high price, and the price would come down.But they can't do that if our government will not let them.
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