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Subject: The point is.. | |
Author: Oropan |
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Date Posted: 05:30:22 04/12/07 Thu In reply to: Mo' Green 's message, "What's your point?" on 15:20:21 04/11/07 Wed You and especially bev claimed that there was no lower supply of gasoline and the price was only going up due to some nafarious actions of oil companies. My post debunked that nonsense thinking. >>"While the Fed minutes were bad enough news for the >>market, they followed the government's report of a 5.5 >>million-barrel decline in the nation's gasoline >>inventories—four times what the market expected, and >>the ninth straight weekly drop. Gasoline futures rose >>more than 3 cents to $2.1552 a gallon on the New York >>Mercantile Exchange after the report, with traders >>concerned about supplies ahead of the peak driving >>season. >> >>The average U.S. retail price of a gallon of gasoline >>was $2.795 on Wednesday, according to AAA, up more >>than 25 cents from a month ago and 10 cents higher >>than a year ago." >> >>href="http://www.breitbart.com/article.php?id=D8OEIGMG >2 >>&show_article=1">http://www.breitbart.com/article.php? >i >>d=D8OEIGMG2&show_article=1 >> >> >> >> >> >> >> >> >> >>> >>>href="http://www.oilwatchdog.org/articles/?storyId=40 >1 >>8 >>>&topicId=8055&topicId=8070">http://www.oilwatchdog.or >g >>/ >>>articles/?storyId=4018&topicId=8055&topicId=8070 >>> >>>Three internal memos from Mobil, Chevron, and Texaco >>>show different ways the oil giants closed down >>>refining capacity and drove independent refiners out >>>of business since the mid 1990s. The confidential >>>memos, made public by US Senator Ron Wyden, >>>demonstrate a nationwide effort by American Petroleum >>>Institute, the lobbying and research arm of the oil >>>industry, to encourage the major refiners to close >>>their refineries in the mid-1990s in order to raise >>>the price at the pump. Here's the original news >>>release. Memos themselves below. [ Next Thread | Previous Thread | Next Message | Previous Message ] |
Subject | Author | Date |
The point is your evidence proves oil cos own memos that they were conspiring to restrict supply | Mo' Green | 09:13:58 04/12/07 Thu |
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