Heard on the news last night where an investigation had been implemented concerning the 4 major oil companys in the U.S. concerning price gouging.
We should have some sort of/kinda like decision sometime in the next 20 years if this goes like most of these goes.
Oil companies are saying that prices are set by the market, not them. (If you buy into this , I still have one bridge for sale left)
They were saying in the late `70s/early `80s there was an awfull shortage that started the price increase. The trend still seems to be going that way.
I ordered a custom `79 Pete conventional. Upon arrival I watched fuel prices (diesel) double and beyond at a very fast rate in a very short time.
The only problem with this was that I was going to the ports in Houston/Galveston/Corpus, etc. at the time on a regular basis. The tug boat crews had nearly changed from tugs to water taxis. Oil tankers were anchored offshore, just across the line. They were not allowed in to offload. The tugs would shuttle the tanker crews to shore and back on a rotational, skeleton crew, basis. Some had been at anchor for quite some time and not allowed to offload. We`re not talking a few here , but many.
Price gouging and market manipulation? Tis not rocket science.
At least Jesse James had the common decency to use a gun.