August 19, 2005
Now prices have risen to the realm they have supported -- and they are complaining.
Senate Minority Leader Harry Reid on Friday said the Bush administration should require U.S. oil companies to disclose their fuel pricing policies and production costs.In a letter to the White House, Reid also said the Federal Trade Commission should investigate instances where a state's retail prices rise 20 percent in any given week "to determine if the price of gasoline is being artificially manipulated."
Past FTC probes into U.S. oil company pricing policies have found no sign of abuse.
And then there is this one.
Separately, Democratic Sen. Bill Nelson of Florida said the White House should ask oil companies for a voluntary, temporarily freeze on prices that they charge gasoline distributors.
Hey -- the prices are up, just like you people wanted. It is having precisely the impact that conservatives have said it would have. And yet you complain. Is the problem simply that the money is going into private hands, rather than the US Treasury for you to spend?
And let's not forget that you have stood in the way of drilling off-shore and in ANWR for years. Maybe we should investigate the impact of those policies that you supported.
Posted by: Greg at
12:49 PM
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They should be so lucky that the govt subsidize oil and gas for us. Else we'd be paying through our noses at $6/gal like in Europe.
And, heck, there are some 50 different varieties of gasoline that deals with octane levels, fuel reformulation and such from each state's fuel requirements. Increasing the cost of gasoline.
And the oil refineries are so old while new ones are trying to be built but get caught up with govt red tape that last for several years! New oil refinery are designed with greater efficiency making them more cost effective.
Posted by: mcconnell at Sat Aug 20 16:14:10 2005 (x7j9j)
http://www.washingtontimes.com/upi-breaking/20040415-011804-6270r.htm
Posted by: mcconnell at Sat Aug 20 16:16:05 2005 (x7j9j)
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