Tonya and PQBON's WebLog
The Foundation for Taxpayer and Consumer Rights released a new study today of rising gasoline prices in California that found corporate markups and profiteering are responsible for spring price spikes, not rising crude costs or the national switchover to higher-cost ethanol, as the oil industry claims.
So basically this means that oil execs lied to congress. Isn't that purgery? Didn't we (the us) try to impeach a sitting president for lieing to congress?
In cases where there is a small pool of suppliers of essential goods I'm very much against charging what ever the market will bare to maximize profits. I think the oil companies should be punished for this behavior. They won't since the sitting king is an exoil man as is his puppeteer.
Posted by pqbon at April 19, 2006 4:34 PM