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Message: <blockquote data-quote="_CY_" data-source="post: 2093771" data-attributes="member: 7629">personally don't believe in regulation for pricing... let the market place determine pricing. big government stay the hell out! but in order for that to happen there must be competition. unfortunately big government stepped in ... FTC allowed MEGA mergers of already HUGE oil companies into MEGA HUGE multinationals. these BIG oil companies operate on budgets size of small countries. after the honey-moon period, post merger ... Katrina happened giving BIG oil the excuse it needed to fabricate the lie that most of America's fuel supplies was threatened. when in fact only TWO refineries were down .. most folks were not aware nearby refineries could take up slack virtually over night. there was NO shortage! prices rocketed overnight from $1.50gal to $3gal ... this translates into about $100 per month less income for virtually every family in America. the speed that this happened illustrates the monopoly positions MEGA HUGE oil controls for fuel prices .. think about it... almost every family in America with $100 less per month available to pay for bills, mortgages, food, etc. etc. it's not the manipulated net profit % that counts... it's the gross sale figures that count. matters not what gross or net profits... what counts is what gets yanked out of each and every American's pocket, each and everytime we fill up... NOT driving to work is not an option. as Shadowrider posted above, very accurately I might add... America runs on petroleum... a week without, we'd be in darkness... we've got NO choice but to pay what ever is charged at the pump. if BIG oil decided to charged $6 gal .. we'd have NO choice but to pay it. what would stop above is two things... 1. politicians.. they have the power to change the laws. they got us into this mess by allowing FTC to allow those MEGA mergers. they've got the power to bust up those MEGA HUGE oil companies. 2. second thing BIG oil fears is killing the goose that lays the golden egg ... too high prices will send economy into another global recession. BIG oil has teams of economist to tell them when and how hard to squeeze. yanking $1.13 TRILLION dollars out of US economy .. impossible not to have side effects. IMHO the massive raise in global fuel prices is one of the main reason for our global recession.</blockquote>

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