May 25, 2006
Katrina to Blame?
| Apparently we're throwing the blame of high gas prices on hurricane Katrina. Crazy. Does anyone remember prices before Katrina hit?? Yeah so do I, matter of fact, I do believe they were exactly where they are now. It's not like prices were rising before Katrina right? Wrong. Prices were going up and there was absolutely no good reason for the increased hike. But Katrina gave them all a reason to spike prices. But the half assed committee assembled to investigate did a "good job" with their findings. The only people found guilty of the price gouging were individual retailers. So this isn't a case of the Nixon Administration now is it? We find everyone guilty but the man at the top. It's blatantly obvious this is the case. Maybe if Exxon-Mobile didn't report in with record earnings for two quarters in a row this would be a little more believable. Don't confuse record earnings with the company's record, not even the industry record, WORLD RECORD for most earnings in a quarter for any business, kicking the Walton Mart down to #2. The Senate is not at all pleased with the findings, well the ones that aren't lining their pockets aren't pleased: "It just defies belief that they didn't find price gouging because there is simply no price competition," he said. Mr. Schumer said that the Senate "could do a lot if it had the backbone."-NY TIMES Who controls congress? That's right, Republicans. Reportedly, Katrina took out a third of the nation's oil production. Well that's all fine and dandy, the U.S. produces only about 35% of it's own oil. Most of it goes straight into reserves, yet slowing down refining jumped prices. If you're going to price fix it doesn't make sense for just one company to raise their price. That's called stupidity, what we're dealing with is called collusion. They're all in on it, they're all making more money than they've ever had before. Something's up in the oil industry, but that's not the most disturbing part, the worst part is: the government is in on it too. X-Files |
posted by Mike at 5:32 AM
