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Originally Posted by Oregon Elephant
You talk as if everyone went out and purchased an expidition, when actually very few (% wise) were purchased. If you want to blame people that drive SUV's that is a mistake on your part. Many of the people that drive them, actually need the space, like parents that have 3 kids, or people that have family members in wheelchairs (wheelchairs don't exactly fit into the 14 cu in trunk of a tiny toyota). Or you have contractors that to do their job and keep america running need something that can pull their needed materials to their work site.
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SUV's are useless. Vans have more space, better mpg, and generally cost less, but people still rushed out and bought up the SUV's because they looked cool and were powerful. Don't try to tellme SUV's aren't a huge part of the market, been on the highway lately?
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The Oil companies are gouging beyond what is the demand, as seeing as Chevron issued an over 75% increase in their SMG funds (which pays the exec's saleries and write offs) from 2006 to 2007. They saw a gross profit increase of 100% in one year.
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That's their job. Don't buy it if you don't like it, or cut back on other non-essentials. I don't like paying $4 a gallon anymore than you do, but they aren't wronging you in anyway by raising the prices on THEIR PROPERTY. It's not yours until you buy it.
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India recently desided to stop subsidies to oil and thier prices skyrocketed over night. That means that there demand would fall, opening more oil to the rest of the world. The market would dictate that prices would then fall for us as a competitor fell, but prices didn't fall, they shot up 8% in one day.
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GLOBAL demand exceeds supply, so any lapse in demand is quickly absorbed by another country. The only way to lowers prices is to increase supply, which the hippies have worked tirelessly to thwart since the 70's.