Sunday, May 11, 2008

I Had A Dream........ (IN CAPS)

DETROIT FREE PRESS--Congressional Democrats, including Michigan Sen. Carl Levin, increased their calls Thursday for an energy bill (FIRST CLASS MAIL BILL) aimed at lowering record oil and gasoline prices (STAMP PRICES) – and putting OPEC (UNITED STATES POST OFFICE) under U.S. antitrust laws.

Leven denounced OPEC’s (UNITED STATES POST OFFICE's) role in setting world (U.S. STAMP) prices. “OPEC (UNITED STATES POST OFFICE) is a monopoly. They have squeezed the American people and consumers,” Levin said. “Whenever they want to increase or reduce supply (INCREASE STAMP PRICES), they do it. If (SINCE) they were (ARE) an American outfit they’d be (SHOULD BE) in jail for monopolistic practices.”


At 5/11/2008 8:15 PM, Blogger K T Cat said...

Hiw about Apple computer instead of big oil? They have much higher margins.

At 5/11/2008 9:52 PM, Anonymous Anonymous said...

Strip out the rant on USPS, and make that anti-OPEC bill a done deal. Repeat if obstructionists get in the way until passed.

The margins are one thing, but OPEC is well overdue for some humble pie.

At 5/12/2008 9:10 AM, Blogger Josh said...

Levin says it himself - these aren't US companies. The real question is, why is a US Senator blaming foreign oil companies for a lack of oil supply when he and his party have blocked the ability of the US to expand domestic production.

This is a semi-rhetorical question, since the obvious answer is politics. But the worst is that national news organizations don't call politicians out on this.

Econ 101, increase supply to lower cost. Politics 101, block any new drilling in the US and supply is unlikely to increase. Yet whenever politicians blame oil companies or OPEC for high gas prices, the media passes along the message without so much as a whisper about the inaccuracy of the claim.

At 5/12/2008 1:41 PM, Anonymous Anonymous said...

Great parody. How does this fly under most people's radar? The USPS is really a peculiar failure. The whole business model is questionable. Maybe someday, they'll become so unbalanced that they'll lose their protected status.

At 5/12/2008 6:12 PM, Blogger fpprof said...

Ha Ha - I love it. I have been using stamps for years as a TVM calculation example for students. Until recently the IRR on stamps has blown gas out of the water over most time periods.


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