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If I have something that costs me $1.00 to make, I can sell it for $100,000
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Yes you can. Today you can sell it for $15.00 a gallon and it will still sell because we move on oil. Thats why pricing is a matter of national security and why the oil companies shouldn't be allowed to artificially inflate prices. If something stopped the flow of oil to the U.S. and prices rose because of it the government would get involved and remove the problem. We have 12% more oil available this year then last yet the inflation has skyrocketed way past last years rate. Thats profiteering.
Profiteer: One who makes what is considered an unreasonable profit especially on the sale of essential goods.
Some types of profiteering are illegal, such as price fixing.
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Perhaps the solution is to find another product we can buy instead of oil for our energy needs?
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And in the meantime pricing should be regulated.