26 May 2006

Obscene profits?

This morning, while sipping my morning coffee, I heard that enquiry into the alleged price gouging by oil companies has revealed that what best explains the whole mess is supply and demand (see this New York Times report).  I know—I just know it—that there are those who are sceptical that supply and demand can have such a gross effect on the price we pay at the pump.

It’s easy to be sceptical; I’ll admit that.  But I learned a lesson in supply and demand—and its effect on price—just a bit over twenty years ago.  It’s a lesson that ultimately resulted in my becoming the rather die hard capitalist that I am today.

I was in Germany… more


About Me

James Frank Solís
Former soldier (USA). Graduate-level educated. Married 26 years. Texas ex-patriate. Ruling elder in the Presbyterian Church in America.
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