• Space/Science
  • GeekSpeak
  • Mysteries of
    the Multiverse
  • Science Fiction
  • The Comestible Zone
  • Off-Topic
  • Community
  • Flame
  • CurrentEvents

Recent posts

Birthright Citizenship RobVG June 29, 2025 3:34 pm (CurrentEvents)

To be blunt, NASA is now dead RL June 27, 2025 11:56 am (Space/Science)

Musk trashes his own AI after it chose a liberal worldview. RobVG June 23, 2025 9:56 am (CurrentEvents)

Psyche keeps its date with an asteroid BuckGalaxy June 22, 2025 5:21 pm (Space/Science)

Just for the record... ER June 22, 2025 8:59 am (CurrentEvents)

The Three Unknowns After the U.S. Strike on Iran BuckGalaxy June 22, 2025 12:58 am (CurrentEvents)

There are only nine meals between mankind and anarchy. BuckGalaxy June 22, 2025 12:29 am (Flame)

Not ready for prime time BuckGalaxy June 19, 2025 12:18 pm (Space/Science)

hypocrisy ER June 15, 2025 2:30 pm (Flame)

NSIDC offline? ER June 12, 2025 12:19 pm (Space/Science)

Wouldn't it be nice BuckGalaxy June 11, 2025 3:13 pm (Off-Topic)

Thank You Falettinme Be Mice Elf Agin BuckGalaxy June 9, 2025 1:35 pm (Off-Topic)

Home » Flame

They caught 'em at it this time. June 16, 2012 5:24 am bowser

http://blog.oregonlive.com/commuting/2012/06/oregon_washington_gas_prices_c.html#incart_mce

“But Robert McCullough, the Portland analyst who helped topple Enron over predatory electricity trading a decade ago, has issued a report arguing that gasoline prices should have never reached this spring’s dizzying, budget-draining heights.

“Oil refinery operators intentionally created a supply shortage in order to charge motorists inflated prices, he contends.

“In fact, according to his latest report, (PDF) the companies’ apparent manipulation of West Coast markets added up to a windfall of $48 million a day. ”

Some will say that oil companies are as competitive as two starving pit bulls fighting over a hot dog, that their refineries are old, need maintenance, environmental regulations strangle them, their Union drivers never-ending demands cripple them, competition from China, Russia, and Lichtenstein drive prices up.  They add that we should trust the benevolent oil companies to respond to market forces appropriately, that they are the epitome of free enterprise.

Others disagree, and say that it’s not competitive and that the prices are manipulated regularly.  They caught ‘em at it this time.

Heh, heh.

    Search

    The Control Panel

    • Log in
    • Register