I sold something on ebay. I did some research, and this item usually sells for around $30. But mine sold for $65.00! There's nothing special about it. It seems that a bidding war started up, and by the end of the auction, I was making double of what I thought I would. Am I wrong for making so much money?
So, what if the thing I sold was a barrel of oil, and it wasn't one, but millions of barrels, and it wasn't ebay, but the commodities morket. Is it wrong now?
It's what happens after the barrel of oil is bought that ticks me off. I was watching a report that stated for the price of gasoline to be $3 the barrell price should be over $90 dollars.
Looking at the oil companies record profits I guess that report is right?
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So, what if the thing I sold was a barrel of oil, and it wasn't one, but millions of barrels, and it wasn't ebay, but the commodities morket. Is it wrong now?
under your first example, the buyer had the option to purchase the item elsewhere at a reduced price, and did not do so because of a choice on their part.
we, as consumers, have no other source from which to purchase our gasoline.
Am I wrong for taking the money?
