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Daily Show 4/26



26 Apr 2006 23:11:09 -0700 rec.arts.tv
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muzicmakr...
I was annoyed at TDS tonight. He had on someone from the WSJ to talk
about gas prices. In the interview he asked the guest for an
explanation why the oil companies' profits are at record highs, (why
they aren't just passing on the increased costs to the consumer). When
she had trouble answering the question, he totally caved and called
himself "retarded". I think he asked a good question, and I wanted her
to explain it.

I think the answer has (something?) to do with the anticipated
replacement cost of oil. If the cost of oil rises, the oil companies
increase their prices. Their profit goes up in the short term because
the cost of the oil that's in the gallon of gasoline that you just
pumped was bought at a lower cost than the current cost of oil. Is
that right?

So anyway, why couldn't that woman answer the question? And please,
Jon Stewart, the self-deprecation is sometimes just too much. Not all
your guests are vapid movie stars! (And some of your viewers don't
mind learning something...)

Ken from Chicago...
You're turning to THE DAILY SHOW for *news*?!!?!


FDR...
My thought is that the companies have intricate trading practices that may
result in them locking in oil at a specific price for a long term. If oil
goes up, they reap more profit tjhat way.
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