Tuesday, September 16, 2008
Gas Price Gouging - Taking It From Behind
Why are oil companies being allowed to to increase prices even at the hint of a short supply. Wikipedia says that "Price gouging may be charged when a supplier of essential goods or services sharply raises the prices asked in anticipation of or during a civil emergency". That remarkably describes the exact situation with the recent Texas hurricane.
The very odd and very incriminating sign was that overnight retail gas prices went up from approximately $3.64 to $3.94 nationwide! Not only does that signal price gouging it shows a very strange similarity to price fixing.
Wikipedia also states that "Price fixing is an agreement between business competitors to sell the same product or service at the same price. In general, it is an agreement intended to ultimately push the price of a product as high as possible, leading to profits for all the sellers." Does anyone dispute that the large oil companies have experienced record setting profits.
My big question is this "Why is the government allowing this to happen"? Have we so lost our will to fight the big fight against rampant corruption that we have simply given up and allow ourselves to be taken advantage of at least once a week with just a low mumbling grumble at the gas pump.
Who and what is behind this inability to act in the face obvious 'irregularities'.
The very odd and very incriminating sign was that overnight retail gas prices went up from approximately $3.64 to $3.94 nationwide! Not only does that signal price gouging it shows a very strange similarity to price fixing.
Wikipedia also states that "Price fixing is an agreement between business competitors to sell the same product or service at the same price. In general, it is an agreement intended to ultimately push the price of a product as high as possible, leading to profits for all the sellers." Does anyone dispute that the large oil companies have experienced record setting profits.
My big question is this "Why is the government allowing this to happen"? Have we so lost our will to fight the big fight against rampant corruption that we have simply given up and allow ourselves to be taken advantage of at least once a week with just a low mumbling grumble at the gas pump.
Who and what is behind this inability to act in the face obvious 'irregularities'.
Tuesday, August 05, 2008
Oil Company Profits Needed
People are blaming the big oil companies for high prices and do not like them. Now there's a revelation. You're ticked off at the oil companies? Why would anyone want to criticize those environmental humanitarians?
They are only in business to provide goods and services to the consumer. They are a "for profit" company that provides a needed and wanted product. Is it soo bad that they want to make a modest profit? They have families to support and bills to pay just like everyone else.
If you don't like them, just don't buy their product!
They are only in business to provide goods and services to the consumer. They are a "for profit" company that provides a needed and wanted product. Is it soo bad that they want to make a modest profit? They have families to support and bills to pay just like everyone else.
If you don't like them, just don't buy their product!
Thursday, July 31, 2008
Chevron Pollutes The Amazon
According to a recent Time magazine article - Texaco ( Now Chevron) is being sued for dumping stuff into the Amazon river (with resulting birth defects etc).
How do the oil lobbyists respond? They are trying to have the US government squeeze the Eucador government to stop the lawsuit.
How do the oil lobbyists respond? They are trying to have the US government squeeze the Eucador government to stop the lawsuit.
