Congress set to battle over “gouging”
Christian Science Monitor
06/20/07
Oil-price gouging -– specifically, whether the US needs a new federal law that would prohibit such profiteering -– has emerged as one of the most controversial aspects of the energy legislation the Senate is considering this week. Many Democrats think price gouging should be a federal crime. They’ve included a provision in the energy bill that would make it illegal to reap ‘excessive’ profits at the pump in times of a national energy emergency. But the White House says the proposed new law is so vague that it’s unenforceable -– and that antigouging efforts are really backdoor price controls. President Bush will veto the broad energy bill if it contains the provision, according to administration officials...
http://www.csmonitor.com/2007/0620/p01s04-uspo.html
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=price+gouging
http://freepage.twoday.net/search?q=Big+Oil
06/20/07
Oil-price gouging -– specifically, whether the US needs a new federal law that would prohibit such profiteering -– has emerged as one of the most controversial aspects of the energy legislation the Senate is considering this week. Many Democrats think price gouging should be a federal crime. They’ve included a provision in the energy bill that would make it illegal to reap ‘excessive’ profits at the pump in times of a national energy emergency. But the White House says the proposed new law is so vague that it’s unenforceable -– and that antigouging efforts are really backdoor price controls. President Bush will veto the broad energy bill if it contains the provision, according to administration officials...
http://www.csmonitor.com/2007/0620/p01s04-uspo.html
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=price+gouging
http://freepage.twoday.net/search?q=Big+Oil
rudkla - 20. Jun, 11:50
