The Lockyer investigation should put oil industry executives on notice that they are going to have to answer tough questions about their role if the price of gasoline rises more than ten percent above pre-Katrina prices or above approximately $3.10 per gallon, |
These aren't just windfall profits; they are hurricane-force profits. |
They are supposed to compete and bring the lowest price to consumers. But the truth is that a small number of oil companies cheat by working together by artificially reducing supplies. |
They're getting us going and coming, and it's going to be an ugly summer. |
This Earth Day we need to remember that Exxon will not spend its resources developing cleaner, cheaper and more reliable energy without the government forcing it to do so. Californians at least will have a chance to vote on a November ballot measure that takes back oil companies' windfall profits for a state fund that will provide practical incentives to make alternative fuel vehicles more available and affordable. We cannot rely on oil companies to create cheaper and cleaner fuels. American oil companies like Exxon will never want us to use less oil. |
This is a classic case of trying to buy political cover from both sides of the aisle. Who's left to prosecute? The company and the CEO have basically conflicted every public official out. |
This is a staggering profit and proof that we are being gouged by the oil industry, |
This is a staggering profit and proof that we are being gouged by the oil industry. |
Without regulation of oil refiners, oil companies can use new tax breaks to create new product that they simply export to drive up prices in the U.S. once again, ... This industry needs a regulatory stick if it is to increase refining capacity and sell the product in the United States of America. |