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Politics : To be a Liberal,you have to believe that.....
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To: TimF who wrote (6197)5/7/2006 7:32:41 PM
From: American Spirit  Read Replies (1) of 6418
 
Wrong. Big Oil is a monopoly run by a cabal or cartel of top Saudis, Texas CEO's and others. They can do and do price-fix which is illegal. Recent mergers in Big Oil have eliminated virtually all competition and all the companies are in collusion.

Also a big lie is when the rightwing and oil hogs state the trouble is we need more refineries. The gougers have been purposely limiting the amount of refining capacity to crimp supplies. In California they've been trying to close one refinery to lessen competition even more.

About time we all agreed energy deregulation was a terrible idea, even worse that deregulating S+L's. No more. They need to be windfall profits taxed (200 billion would be fair), have their ridiculous Bush Energy P{lan tax breaks taken away and they need to be tightly regulated. Otherwise they have way too much power and can fix the price of energy any time they want with impunity.

Also, if we do need a new refinery or two, we the people can built them, and we the people can also lossen our demand for oil and gas by driving less, being more efficient and going green. It's the only solution along with a Marshall Plan to defang Big Oil and do what Brazil did 20 years ago, switch over.
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