"And let's all raise our prices at the same time, too. But without colluding or anything."
Absolutely, oh, and you forgot, natural gas. We should raise that too. See, the supply could be exhausted by a shift from oil to natural gas. But as of right now, people have conserved, so we need to raise rates because they didn't use as much, even though we told them to conserve. And if they had used more, we'd claim supply and demand.
De-regulation... it's good for all of us?
Oh, while you're at it... raise prices at the grocery store, WalMart, Loew's, JCPenney's, etc. It costs them more to ship their goods from distributor to the store. Then, when the gasoline prices go back down... DON'T reduce the prices, just leave them where they are. The public won't notice that a loaf of bread costs $3.00.
"Well, we better raise prices at the pump 50 cents now. I mean, just in case Iran might do something that might make a future shipment more expensive. And let's all raise our prices at the same time, too. But without colluding or anything."
LOL. It would be interesting to the see the individual portfolios of the traders giving their opinions to the press on the price of oil, whether they are going short or long...
Nicely put.