As Hurricane Rita rolls toward the Gulf Coast, they are shutting down the oil refineries again, and gas prices will shoot up yet again. That's just the way it works right? Refineries shut down, prices go up, right?
Apparently not, according to facts being brought to light by Michigan's governor Jennifer Granholm. I love Jennifer Granholm. I really do.
Our beloved governor, as well as seven other Democratic governors, sent a letter to the Bush Administration, as well as to the Congressional leaders, demanding that price gouging be investigated, and that consumers are refunded. We're not talking about one guy who owns a gas station and wants to rip you off; this is price gouging on the corporate level.
According to a a study by an economist from the University of Wisconsin Madison, the hurricane never affected gas prices. Not only that, in order for gas to be $3/gallon, crude oil would need to be $95/barrel. It's been around $65/barrel, so we are all being blatantly ripped off.
Will anything be resolved? Not while King George is in the White House. He assigned Attorney General Alberto Gonzales to investigate. Gonzalez is already way too busy setting up an FBI force to defend us from porn. It's good to know they have priorities.
Which I'll leave to the experts to comment on:
"I guess this means we've won the war on terror," said one exasperated FBI agent, speaking on condition of anonymity because poking fun at headquarters is not regarded as career-enhancing. "We must not need any more resources for espionage."I couldn't have said it any better. It's nice to know the war is over, though.
1 comment:
"A study done by University of Wisconsin economist Don Nichols, who says for gasoline to cost $3 a gallon, the barrel price that OPEC charges would have to be $95. Since OPEC is presently charging $58 a barrel, Professor Nichols concludes the USA oil companies have some explaining to do."-- its a mess, I wish it was simple to blame Bush, but its even bigger then him.
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