Quote:
Originally Posted by JohnG
what you guys are missing is this --
the Federal Trade Commission is in charge of protecting us from monopolies, and from unfair business practices.
8 of the 9 members of the FTC are republicans.
keep that in mind for a bit...
from 2000 - the present, the FTC has approved every single oil company merger, with no conditions placed upon those actions.
when those mergers were proposed, the companies closed refineries, due to "excess capacity".
sounds logical, right ?
but, oh, wouldn't those refineries have been helpful now !
fellas, the speculators on the trading floor are driving up the prices, as are the hedge funds. BUT, their speculation is based on the U.S.'s lack of refining capacity.
crude supplies aren't the issue, never were.
if they had been, OPEC, Venezuela, etc. would have no room to play with output like they have been.
the Texas republicans, and their mindless puppet in the White House, have played the variables to perfection.
don't use the Europe example -- they have no resources, we do. from sea to shining sea, we have the resources in abundance.
cheap gas is your birthright as an American citizen.
for us to be paying these prices, is the result of a weak president, plain & simple.
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WOW some on this site are lost but real is a term comes to mind after reading that ( cheap gas is your birthright as an American citizen. ) what book did that come out of -----8 of the 9 members of the FTC are republicans -- its called an over site committee and they can only suggest and every president picks who does what oh yea its bushes fault than fellas,
the speculators on the trading floor are driving up the prices, as are the hedge funds. BUT, their speculation is based on the U.S.'s lack of refining capacity.
The liberal tree huggers during Democrat administrations shut off Americas oil supply because the spotted owls to fish to were dieing off in great numbers -- some how that Will be missed in your answer how the left were the driving force to the spot we are in now
about supply issues when those mergers were proposed, the companies closed refineries, due to "excess capacity".
classic example of far left web site bull about the spot we are in dude
the problem with puter answers is it falls on deaf ears