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Posted by: RichFatCat 1 year, 5 months ago
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RichFatCat1 year, 5 months ago
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This is a solid business move. First, when gas hits $10 or more per gallon before alternative vehicles are available and affordable, this will ensure a "shortage" and a feeling of panic and urgency that will make you eager and thankful to pay "only" ten bucks a gallon.
Secondly, it locks in solid and rising profit while cutting back "gas" stations and replacing them with other retail outlets. So our costs in adapting to change are not only covered, but our profits are insured!
McCain knows this and has promised tax incentives to help oil companies in the change over period. He understands the needs of business.
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