Gougeonomics: How the oil industry plans to control your gas prices in 2010
UCAN News
Learn what will happen to gas prices in 2010
The problem with many economists is that they assume business people like to compete in the open marketplace. This assumption is wrong: Business people are not in business to compete or to run their competitors out of business: They are in business to make money.
If a business person can make money by not competing, they'll do it. Sure, many executives enjoy competing ... but only when they win.
It is this simple observation that has fueled the development of UCAN's Theory of Gougeonomics. In a gougeonomy, the player who brings the least amount of product to market at the highest price wins.
In this end-of-the-year ESSAY by Charles Langley, UCAN's Gasoline Project Manager, we explain the basic tenets of gougeonomics using the American oil industry as an example.
Gas & Autos Gas Prices - Oil Watch -
Tags: contango - detestable sacks of human excrement - Evil - fixing the gas market - gas - Goldman Sachs - gouge - gouge-onomics - gougeonomics - price manipulation - rotten -
Delicious
Digg
StumbleUpon
Propeller
Reddit
Magnoliacom
Newsvine
Furl
Facebook
Google
Yahoo
Icerocket
Post to Twitter
Like what you see? Go ahead and show your support! UCAN is a truly independent non-profit watchdog organization, dependent on grassroots donations like yours!
Utility Consumers' Action Network
File a complaint about a company online.
Terms & Conditions
UCAN.org is made available by the Utility Consumers' Action Network to assist you in becoming what you always knew you could be, a consumer ROCK STAR! We take no corporate money, and are beholden only to you, the consumer. As such, the site is here for educational, advocacy, and empowerment purposes, as well to to give you general information and a general understanding of the law. Just remember this site is NOT here to provide specific legal advice. By using this web site you of course understand that there is no attorney client relationship between you and the Web Site publisher, UCAN. The Web Site should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.
That said, get to digging on the site, inform yourself, speak your mind, and earn Watchdog Bones! This is YOUR site, and we mean it. So comment on any of the content, discuss the latest issues in the forums, file a complaint on a company with the fraud squad, and generally cut loose.
See our Privacy Policy
Post new comment