Gas Price Fraud?

[bowtieguy]

Originally Posted by Fuel Miser

"At a time when major refiners and oil companies are making record profits and New York families continue to struggle with gasoline at record prices...

record profit at what profit percentage?

record profit for what volume of sales?

i suspect the "review" will be forgotten when prices fall enough that it is recognized at an acceptable inflationary rate.

[imzjustplayin]

Originally Posted by bowtieguy

record profit at what profit percentage?

record profit for what volume of sales?

i suspect the "review" will be forgotten when prices fall enough that it is recognized at an acceptable inflationary rate.

They're just pretty much pissed at the price they have to pay for fuel, regardless of whether or not there is profit involved, no matter what the percentage is.. People willing to pay 50% markup for an iPod but to pay .05-1% markup for gasoline is abhorrent.. ridiculous.. Also the same people that call for price controls which if they knew better, would know that price controls would lead to rationing (gas lines) like we had in the 70s.

[bowtieguy]

fraud or not, the price of gas is affecting the economy...http://www.usatoday.com/money/indust...s-summer_n.htm

no question consumer choice of vehicle is a concern, but what about the political blame game? i don't hear it anymore. hmmmmm...

[theclencher]

Originally Posted by bowtieguy

no question consumer choice of vehicle is a concern, but what about the political blame game? i don't hear it anymore. hmmmmm...

Well, have there been more secret energy meetings with the oil companies hmmmmmm?

http://www.washingtonpost.com/wp-dyn...111501842.html

Does anyone in the current admin have an oil tanker named after them... like Chevron's "The Condoleeza Rice"?

Originally Posted by wiki

She was taken under the wing of George P. Shultz (Ronald Reagan's Secretary of State from 1982–1989), who was a fellow at the Hoover Institution. Shultz included Rice in a "luncheon club" of intellectuals who met every few weeks to discuss foreign affairs.[16] In 1992, Shultz, who was a board member of Chevron Corporation, recommended Rice for a spot on the Chevron board. Chevron was pursuing a $10 billion development project in Kazakhstan and, as a Soviet specialist, Rice knew the President of Kazakhstan, Nursultan Nazarbayev. She traveled to Kazakhstan on Chevron's behalf and, in honor of her work, in 1993, Chevron named a 129,000-ton supertanker SS Condoleezza Rice.

Is our current VP an ex-oil company chairman and CEO like Cheney/Halliburton?

Do any of the president's relatives have leadership positions in the military/industrial/oil complex?

Originally Posted by wiki

In 1995, Cheney replaced Thomas H. Cruikshank, as chairman and CEO. Cruikshank had served since 1989.[23]

In the early 1990s, Halliburton was found to be in violation of federal trade barriers in Iraq and Libya, having sold these countries dual-use oil drilling equipment and, through its former subsidiary, Halliburton Logging Services, sending six pulse neutron generators to Libya. After having pleaded guilty, the company was fined $1.2 million, with another $2.61 million in penalties.[24]

In 1998, Halliburton merged with Dresser Industries, which included Kellogg. Prescott Bush was a director of Dresser Industries, which is now part of Halliburton; his son, former president George H. W. Bush, worked for Dresser Industries in several positions from 1948 to 1951, before he founded Zapata Corporation.

[bowtieguy]

http://www.foxnews.com/story/0,2933,72569,00.html

"The Cheney energy plan issued in the spring of 2001 called for expanded oil and gas drilling on public land and eased regulatory barriers to new nuclear power plants. The plan's recommendations included steps to increase conservation and encourage the use of alternative fuels as well as to protect the environment."

i can see why the left and enviro nuts wanted the info.

[theclencher]

You seemed to need a refresher as to why "you don't hear the political blame game anymore hmmmm". So there it is. But you knew that already. So why the charade?

I would certainly think that people other than the "left and enviro nuts" would want to know what the nation's energy policy is... right? Is there any reason for such a thing to be secret from the citizens? Is there any way that such a thing could be kept secret? The answer is no. Unless... you like being in the dark. The only reason it was secret was so that they could ram regulations and laws favorable to themselves through without giving anyone a heads-up. Nice huh.

LOL- "steps to promote conservation"- you mean like tax breaks for giant guzzlers?

[bowtieguy]

with ya clencher. we can't "do" politics any more, but you can't compare relatively low profit percentage(even if it yields billlions $$$) and POSSIBLE coverup to the trillions of tax payer dollars that were both withheld (info) AND against the will of the people! that would be the current administration with the help of congress. i think i'd like to leave them out of it!

[theclencher]

I'm not comparing squat and I'm not delving into politics any more than this here on GS. Just pointing out why w got heat for gas prices and obama not as much.

[bowtieguy]

fair enough...i believe consumers have more to do with it (high fuel prices) than anything. but, i will say, in my travels, i've seen some shady(fluctuating) pricing by station owners.