Who are the Greedy Ones ?

[Fox]

Gas prices here jumped 7 cents overnight, oil is still at $50/barrel but gas is now at $1.119 in Ottawa.

[terrym]

Corporations are people. People with jobs who in turn spend earnings on necessities and luxuries. The bigger the corp the more people they employ. Retirement/invest funds own corporations. They do not all earn big money but that is unavoidable. Even in communist countries there is a very distinct pecking order and equality is a fallacy. Kim Jong Un isn't fat because of a thyroid condition I would guess. Most Koreans are skinny.
And as already said Government and union pension plans need to invest somewhere. They don't invest in government as it doesn't create wealth or produce anything. They invest in large corporations yet many hard left corporate haters are unionized? Funny that.

[jaycee]

Corporations are people. People with jobs who in turn spend earnings on necessities and luxuries. The bigger the corp the more people they employ. Retirement/invest funds own corporations. They do not all earn big money but that is unavoidable. Even in communist countries there is a very distinct pecking order and equality is a fallacy. Kim Jong Un isn't fat because of a thyroid condition I would guess. Most Koreans are skinny.

I think you have got that right, at least the ones around here are, there are quite a few that own small convenience stores and they sure are NOT FAT, also I find them very friendly and pleasant to talk with , one fellow in particular is always interested in what I am hunting.

[delmer]

Of course it does but it's minor. The biggest impact of oil stock prices is speculation followed by supply and demand....

I agree that speculation is the biggest driver of gas prices these days. When oil hit its peak prices a few years back, I believe it was going for $148 a barrel. Gas at the time maxed around $1.45/l. Roughly $1 per barrel increase equaled 1¢ per liter gas increase. Oil is now in the area of $50, and gas is around $1 per liter. Instead of a 1¢:1$ ratio, it is now at a 2¢:1$. When oil once again hits the $100 mark, it will be interesting to see if the trend continues, and if we are paying $2 per liter.

[fratri]

I agree that speculation is the biggest driver of gas prices these days. When oil hit its peak prices a few years back, I believe it was going for $148 a barrel. Gas at the time maxed around $1.45/l. Roughly $1 per barrel increase equaled 1¢ per liter gas increase. Oil is now in the area of $50, and gas is around $1 per liter. Instead of a 1¢:1$ ratio, it is now at a 2¢:1$. When oil once again hits the $100 mark, it will be interesting to see if the trend continues, and if we are paying $2 per liter.

You can bet those corporate giants will get out their bean counters and see if we (the general public) can afford it or not.... If the corps believe they can get away with it without hurting the economy you can bet they will leave prices high....

Its how much can the big corps get out of the average family without hurting the economy... all about numbers.

Corporate giants look at the big picture.... How much can we (the big corps) take from the average family before we (the big corps) start hurting our profits in our other businesses...

Its like fishing.... 90% of the money is owned by 10% of the people.......unfortunately those 10% control the economy....