GOPwinger Lies/Distortions/Omissions/Perversions of Truth Message Board

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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth

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To: PartyTime who wrote (8331)	4/2/2004 8:50:22 PM
From: geode00	Read Replies (2) of 173976

What can you do if someone like him wants the US to turn into an oligopolistic, autocratic banana republic? cbsnews.com "...But as CBS News Correspondent Bob Orr reports, the dwindling number of refineries is largely to blame for America's pain at the pump. And critics say that's exactly the way big oil wants it. "Absolutely, consumers are being gouged," says Tyson Slocum, who tracks the oil industry for Public Citizen. Slocum says giant mergers have given a few companies too much control. Independent refineries have been gobbled up or shut down, stockpiles of gasoline are kept to a minimum, and Slocum says, companies produce just enough to meet demand. "We've got evidence that the large oil companies have the ability, and in fact do, intentionally withhold gasoline from the marketplace," says Slocum. Oil companies deny the charge. While an FTC investigation in 2001 found refiners pushed prices higher to maximize profits, it cleared the industry of any criminal wrongdoing. Now, three years later, Sen. Barbara Boxer, D-Calif. wants regulators to take another look....

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