Interesting report.

on ABC News this morning, as the price of gasoline nears, and in some places goes over, $4/gal and threatens to set back our fragile 'recovery'. Most prices are determined on a supply and demand basis, BUT, while big oil is again making record profits there is a huge glut of oil in the US, with no place to store any more. Since the consolidation of the oil companies under the Bush admin, when they tossed out the 'monopoly/anti-trust' rules that used to apply, the few MASSIVE oil companies that remain can name their own price for the products we all so desparately need.  Looks like Exxon Mobil is on track to break their all-time profit records, in the hundreds of biilions, in the near future. I sure hope the board members remember to drop Dick and George a 'thank you' note.

Comments

Fam Guy said…
I 'deleted' the last comment, but will reply to it. I can't forgive/forget Bush when his policies impact my everyday life in SO many ways, all negatively. He wrecked our way of life, more so than any single person in the history of the country. Just look at the wars, gas prices and wrecked home values/economy. It didn't 'just happen'.
7:09 PM
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