It isn't any of those reasons, it is the oil comopany executive's wife, whom says "Oh, dear, I broke a nail, I have to go to Paris, as Franchesca is the ONLY person that can do them right, and dear, I need some mad money", and we get a dime rise in price at the pump for two weeks to pay for her trip, and those companies blatant greed.
In the olden days, gasoline was simply poured out into the ground, as oil comlpany people just didn't have a use for it. Along comes the Diesel, and gasoline engines, and monopolies are formed, riches gathered and things get way out of hand real fast.
Standard Oil of Ohio and other oil companies started the "shortage" crap way back in the early days. The first two purposeful/contrived oil company created "shortages", for the singular purpose of raising gasoline pricing were in 1907, to raise the price of gas from .06c/gal, to .08c, and again on 1909, from .09c/gal to .11c/gal. They were succseeful, have been ever since.
What we have just seen in the last week is, no shortages, but some sort of pipeline problem, that doesn't carry either crude or finished gasiline products, spring some sort of a leak in the middle of nowhere, and the oil companies expecting us to pay for their repair. This came along at just the right time as well, so they could increase the gouging usually done for the week of Labor Day, to adding the week before that holiday as well. Win situation for the oil companies.
What is needed is true, real, serious legislation regulating that industry, with positive stops in place to stop all thnis gouging and stabilize the oil industry, stop the paris fingernail trips and other B/S we are expected to buy without protest.
I heard yesterday, President Bush signed a piece of legislation to slack off regulations for pollution compliance for big businesses, including proposed and in-place pollution standards/levels and improvements to pollution controls,
including OIL COMPANIES, to give those big businesses a break and make more money to stimulate the economy. I like Bush, but think this is just plain wrong, those oil companies can well afford to fix their pollution problems, live within the law, like the rest of us do, and not get a break to make things worse and make even more obscene profits.
Deregulation is supposed to start better competition within the industry it is now not regulated in, but all it does is open up a lot more gouging and expecting us to buy a silk purse made from a sow's ear.
We also need positive regulation of the credit industry as well, stop some of these companies form running rough-shod and stealing from those whom experience legitimate credit problems along the way. Why is it that when somebody gets into problems of health and/or employment, only those companies that "handle" the debt management can get something done from the credit issuing companies, and not the cardholder? What needs to be done is, a limit should be set for highest interest charged by any and all credit card companies, no matter the account status. This would better serve everybody. Tighten up giving credit out. We'd have a lot less credit defaults and less problems, but the credit card companies don't want that, as they have a good thing going with their lies and intimidations, scaring people into programs they cannot afford after those companies purposely engineer into/bury that person in personal credit card dept. It takes the average person caught up in credit card debt, 32 years to pay down a credit card account that is $5.000 at minimum payment per month, when no other purchases are made with the card.
It's just time now, for sensible regulation to be put back into place. Deregulation has never helped anybody but the big business gougers.
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: Roy