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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: ChanceIs who wrote (63251)	4/24/2006 6:43:27 PM
From: John Carragher	Respond to of 206317

that is funny,,, three service stations out of thousands and he makes it a press conference.. only in an election year.

To: ChanceIs who wrote (63251)	4/24/2006 10:24:46 PM
From: ChanceIs	Respond to of 206317

NY Atty Genl Probing Possible Gasoline Price Gouging >>>OMG!!! The Pub AJ candidate in New York is even talking oil company price gouging. I saw what happened when the politicians wanted a scapegoat after the California energy crisis. 'Twere uuuuuugly.<<< DOW JONES NEWSWIRES April 24, 2006 4:33 p.m. -- ALBANY, N.Y. (AP)--New York Attorney General Eliot Spitzer on Monday said he is investigating whether oil producers are price gouging and blamed Republican U.S. President George W. Bush for rising prices at the pump. "This is, once again, demonstrative of the complete failure of energy policy that we have seen out of Washington over the last five years and, frankly, it goes back farther than that," said Spitzer, a Democratic candidate for governor. Spitzer said he is investigating recent price increases by the complicated "vertically integrated" oil companies that drill, refine, distribute and sell gas retail. Spitzer announced his investigation as gasoline prices become a more prominent political issue. Crude-oil prices hit record highs in recent weeks and average gasoline prices nationwide neared $3 a gallon. "We have to go through that analysis to see whether increased costs are any rationale for those increased prices," Spitzer said. Spitzer is already suing three gas stations in New York, accusing them of price gouging after Hurricane Katrina hit the Gulf Coast last year. In December he settled with 15 gas stations statewide that paid $63,000 for marking up profits 25% or more immediately after Katrina. "The law requires that those stations not increase prices in a way that is injurious to consumers at a moment when a weather event or some other natural disaster has thrown the market into mayhem," Spitzer said. One of his Republican opponents for governor, John Faso, said Spitzer is using Bush and the issue to avoid talking about his own platform of "platitudes and vapors." "It's surprising he wants to take pot shots at George Bush when Spitzer is avoiding the issues that will concern New York's next governor," said Faso, an attorney and former minority leader of the state Assembly. Faso said the state should make sure price gouging laws are enforced, but also said Albany could waive the state's gasoline tax on the price per gallon above $2. He said, however, that the issue is mostly a federal task influenced by world demand and political unrest. Also Monday, Republican attorney general candidate Jeanine Pirro said the state should be investigating whether oil companies are colluding to inflate profits. "When you have competing companies that are engaging in the raising of prices in lock step with each other, you have to question whether or not this in coincidence or price fixing," Pirro, the former Westchester district attorney, told The Associated Press. "With the merger of Exxon and Mobil and Chevron and Texaco, we have very little competition among the energy companies." The American Petroleum Institute maintains that refinery capacity is still low from hurricanes Katrina and Rita last summer. It stated three refineries are still closed and they represent about 5% of U.S. refinery capacity.

To: ChanceIs who wrote (63251)	4/25/2006 7:48:14 AM
From: CommanderCricket	Read Replies (1) \| Respond to of 206317

"With regular gasoline selling at $4.14 a gallon at a station in Brooklyn this week" What a misleading quote! This "service station" is mechanics garage with two pumps. The tanks are small thus it takes multiple deliveries to keep them full. The distributor charges extra for the deliveries so the garage passes along the cost. For the press to continually use this station to highlight high gasoline prices is misleading. Its as bad as using the gasoline station in Yosomite National Park as an example of high prices. CC

To: ChanceIs who wrote (63251)	4/25/2006 7:53:38 AM
From: CommanderCricket	Respond to of 206317

Our government does not have the back bone to handle this crises. Listened to GW speak and he now wants to make sure the companies are not gouging the public. Well duh! The american people need to told Chevron, XOM, BP, etc.. no longer control price of their raw products. Hugo, OPEC, Mexico, Canada, the NYMEX, etc is responsible for setting the price. It gotten to the point I can't watch TV news anymore as it only pisses me off and highlights why uneasiness about owning any US E&P company. Copper up another $0.10 to $3.20 and NTO is will soon report earnings. Can't wait CC