05-30-2008, 05:06 AM
Jim's right. Oil companies ARE ripping everyone off. I drive a truck and I can tell you that it's hurting people and even BIG companies like Jevic are going out of business. :evil: It's all BS and this is something cooked up by scumbags manipulating the markets. We need to be drilling in ANWR and the new Dakota's finds.
This was in the Sacramento Bee
Gov't discloses investigation of crude-oil market
The Associated Press
Last Updated 11:01 am PDT Thursday, May 29, 2008
WASHINGTON -- Federal regulators are six months into a wide-ranging investigation of U.S. oil markets, with a focus on possible price manipulation.
The Commodity Futures Trading Commission says it started the probe in December and is taking the unusual step of publicizing it "because of today's unprecedented market conditions."
Crude prices have risen more than 42 percent since early December, when they hovered below $90 a barrel. Gasoline prices are nearing a national average of $4 a gallon, up from about $3.20 a year ago.
The agency said details of the investigation remain confidential.
This was in the Sacramento Bee
Gov't discloses investigation of crude-oil market
The Associated Press
Last Updated 11:01 am PDT Thursday, May 29, 2008
WASHINGTON -- Federal regulators are six months into a wide-ranging investigation of U.S. oil markets, with a focus on possible price manipulation.
The Commodity Futures Trading Commission says it started the probe in December and is taking the unusual step of publicizing it "because of today's unprecedented market conditions."
Crude prices have risen more than 42 percent since early December, when they hovered below $90 a barrel. Gasoline prices are nearing a national average of $4 a gallon, up from about $3.20 a year ago.
The agency said details of the investigation remain confidential.
DECIMvS MERCATIvS VARIANvS
a.k.a.: Marsh Wise
Legio IX Hispana www.legioix.org
Alteris renumera duplum de quoquo tibi numeraverunt
"A fondness for power is implanted in most men, and it is natural to abuse it when acquired." -- Alexander Hamilton
"Suppose you were an idiot. And suppose you were a member of Congress.... But then I repeat myself." ~Mark Twain
a.k.a.: Marsh Wise
Legio IX Hispana www.legioix.org
Alteris renumera duplum de quoquo tibi numeraverunt
"A fondness for power is implanted in most men, and it is natural to abuse it when acquired." -- Alexander Hamilton
"Suppose you were an idiot. And suppose you were a member of Congress.... But then I repeat myself." ~Mark Twain
[img size=150]http://www.romanobritain.org/Graphics/marsh_qr1.png[/img]
(Oooh, Marshall, you cannot use an icky modern QR code, it is against all policies and rules.)
