Econ 101 and “windfall” oil company profits

Here’s a good post from Doug at Stones Cry Out about the “excess profits” being generated by the evil capitalist pigs of “Big Oil” and the calls by even some supposedly free-market-friendly Republicans to pitch free markets over the side as soon as the price of gasoline spikes for a few weeks. We won’t excerpt here, go read the whole thing. There’s never a bad time for a refresher on basic economics.

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One response to “Econ 101 and “windfall” oil company profits

  1. Pingback: The Unalienable Right » Stop the presses! - a big corporation made big profits!