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Reply #2: Oh, it's profiteering all right [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009)

riqster

(1000+ posts) Send PM | Profile | Ignore

Fri Nov-09-07 09:18 AM
Response to Original message

2. Oh, it's profiteering all right

Wyden Report

Synopsis: Big Oil bought up, and then shut down, refining capacity in this country, in order to keep prices high.

And why, I hear you cry, did the Senate do nothing? Look at the date on the report. The Bushies had taken control and this report got buried.

Spread it around!

As a point of comparison: in the UK, where the high price of petrol is due more to taxation than to the 'free market' robber barons, the price fluctuations are far less than they are here: their government actually regulates industries, you see.

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