I keep hearing that Big Oil is charging "All The Market Will Bear" during this latest, but not last, run up in gasoline prices. This started me thinking and here is what I think...
What does "All The Market Will Bear" mean? When was the last time you saw a merchant that was selling his product for Less Than what the market would bear? It seems to me that everything is priced to maximize profit to the seller based on what people are willing to pay molded by competitive pressures that are present in the marketplace.
Big Noodle...
I took this analogy a little further and started examining the pricing practices of the people that bring us Ramen Noodles. Last time I looked, Ramen Noodles were priced at about 10 cents/package (probably less at Sam's Club, and Cosco type stores). I ask you to consider what is in a meal of Ramen Noodles. There isn't much there.
For your 10 cents you get a brick of dried noodles and a small packet of flavoring. That's all there is ... Not much of anything there.
For this you are compelled to fork over 10 cents. Sounds like highway robbery to me.
Since Congress is not doing anything about Illegal Immigration they ought to look into this compelling issue before Big Noodle has its way with us and it is too late.
Would I kid u?
