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Politics : Don't Blame Me, I Voted For Kerry -- Ignore unavailable to you. Want to Upgrade?

To: JakeStraw who wrote (69634)	11/9/2005 4:27:11 PM
From: Orcastraiter	Respond to of 81568

Hey dipstick, "Big Oil” does not dictate fuel prices. Contracts between oil companies and refineries — and between refineries and retail outlets Boy you're kicking sand into the eyes of folks now. The independents are all but gone. What we have now is refiners and retailers mostly owned by Big Oil. As for the spot markets, they do affect the crude oil that is traded on world markets, but what effect does the price of crude have on companies that have access to crude oil in fields they own and extract it with equipment they own, refine it with refineries they own, and then sell it in gas stations they own? There's a reason why the Oil Execs didn't testify under oath. Orca

To: JakeStraw who wrote (69634)	11/9/2005 6:24:44 PM
From: American Spirit	Read Replies (1) \| Respond to of 81568

Big Oil does manipulate prices, very much so. Big Oil includes refiners, Saudis, Exxons of the world, scheming traders like Enron and even presidents who used to be failed oil executives. The proof is legion. Just listen to the Enron trader tapes, see how big oil has tried to limit refining capacity to keep suplies low, see how Prince Bandar offered to bring down prices prior to the election for Bush and if you don't believe me wven Bill O'Reilly says so "Big Oil is now a monopoly" he says, which means almost no competition which means they can fix prices and gouge as much as they want so long as the White House refuses to do a thing about it.