...somehow making money by NOT selling the oil, which is stuck at the far-end of the pipeline and in the ground. It's just scary that basic stuff like economics is not taught in schools today, but putting-condoms-on-bananas is.
As I look up at the TV screen, oil is up $1.49 and natural gas is actually down, so it appears that Ms. Market is kinda yawning at this news.
Can you believe it...way back when I was in high school (I think Gutenberg was still printing books), I had the choice of taking Economics or Civics, and I took Civics 'cause I heard econ was too hard. (I went on to major in econ in college...go figure.) Anyway, I think too many people opted for the same choices I did and we're paying the costs now.
Interesting experiment I used to ask in-coming Freshmen: What is the average profit of a US corporation? The most-often given answer: 50%. When pressed for their source of this "nugget" of information, they said "my parents". We're in deep trouble, people, if this is what the average US citizen thinks. The long-run profit rate for the average US corporation is 3.2%. Indeed, most companies would earn more if they sold their company and put the money in CD's. (There might be a few unemployemnt problems, however, if every corporation did this!)
Like they say: "If you think education is expensive, try ignorance."