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| Subject: The point is your evidence proves oil cos own memos that they were conspiring to restrict supply | |
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Author: Mo' Green |
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Date Posted: 09:13:58 04/12/07 Thu In reply to: Oropan 's message, "The point is.." on 05:30:22 04/12/07 Thu to drive up prices. Read the documents. BTW, I made no claim whatsoever "there was no lower supply of gasoline". So you're lying again. I thought you were supposed to be setting us straight. >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=D8OEIGM >G >>2 >>>&show_article=1">http://www.breitbart.com/article.php >? >>i >>>d=D8OEIGMG2&show_article=1 >>> >>> >>> >>> >>> >>> >>> >>> >>> >>>> >>>>href="http://www.oilwatchdog.org/articles/?storyId=4 >0 >>1 >>>8 >>>>&topicId=8055&topicId=8070">http://www.oilwatchdog.o >r >>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 |
| Re: The point is your evidence proves oil cos own memos that they were conspiring to restrict supply | Oropan | 10:15:56 04/12/07 Thu |
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