The great oil robbery
Free Market News Network
by Dave Lindorff
05/09/07
In case you’re wondering why crude oil prices are down from last year, hanging around at about $60 a barrel, while gasoline prices have soared past $3.10/gallon nationwide, just check out the latest profit reports from the oil companies. They are at record levels. The answer for this seeming contradiction is simple: Americans are being robbed blind by the oil industry. Sure, the oil companies, and their PR and lobbying agency, the American Petroleum Institute, will give you all kinds of reasons for higher gasoline prices at a time of falling crude prices: problems at two refineries in Texas and Oklahoma, rising demand or whatever. But the real answer is that there is simply no competitive market in this industry...
http://tinyurl.com/2zlcrc
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=Big+Oil
http://freepage.twoday.net/search?q=Dave+Lindorff
by Dave Lindorff
05/09/07
In case you’re wondering why crude oil prices are down from last year, hanging around at about $60 a barrel, while gasoline prices have soared past $3.10/gallon nationwide, just check out the latest profit reports from the oil companies. They are at record levels. The answer for this seeming contradiction is simple: Americans are being robbed blind by the oil industry. Sure, the oil companies, and their PR and lobbying agency, the American Petroleum Institute, will give you all kinds of reasons for higher gasoline prices at a time of falling crude prices: problems at two refineries in Texas and Oklahoma, rising demand or whatever. But the real answer is that there is simply no competitive market in this industry...
http://tinyurl.com/2zlcrc
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=Big+Oil
http://freepage.twoday.net/search?q=Dave+Lindorff
rudkla - 10. Mai, 15:14
