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Thursday, May 16, 2013

Oil Companies SCREW Public for More Profit.



 Escalating gas prices are all news this morning in Minnesota where we saw our gas prices go up 
40 cents a gallon in less than 24 hours.
go up 40 cents a gallon in less than 24 hours

The closure of two Chicago-area refineries for repairs is driving gas prices toward record levels across the Upper Midwest.
By: News Tribune staff, Duluth News Tribune
Gas prices in the Twin Ports reached $4.19 a gallon Wednesday at some stations, including this one on London Road. The record high average gas price recorded by AAA in Duluth was at $4.05 on July 14, 2008. The average price is expected to exceed that level today. (Clint Austin / caustin@duluthnews.com)

The closure of two Chicago-area refineries for repairs is driving gas prices toward record levels across the Upper Midwest.

And with the refineries scheduled to be closed for weeks, prices will remain high for some time.


Refinery repairs lead to soaring gas prices
BULLSHIT!
Corporate greed and the desire for even higher revenues lead to soaring gas prices

When a car manufacturer shuts down for re-tooling prices DO NOT go up.
When a sugar plant shuts down for repairs – DO NOT go up.
When an amusement park shuts down part of it’s operations for repairs – the cost of admission DOES NOT GO UP.
You could give hundreds and hundreds of examples like this!

Refinery repairs lead to soaring gas prices
BULLSHIT!
Corporate greed and the desire for even higher revenues lead to soaring gas prices
May 6, 2013
Center for American Progress
By Daniel J. Weiss and Jackie Weidman

Despite lower prices at the pump, the biggest publicly traded oil companies in the world have raked in billions of dollars in profit over the past three months. According to their earnings reports released last week, the big five oil companies—BP, Chevron, ConocoPhillips, ExxonMobil and Shell—earned a combined $30.2 billion during the first quarter of 2013, or $331 million per day

BP, Chevron, ConocoPhillips, ExxonMobil and Shell—earned a combined $30.2 billion during the first quarter of 2013, or $331 million per day
$30.2 billion during the first quarter of 2013, or $331 million per day
or $331 million per day
$331 million per day
$331 million per day 
$331 million per day  
$331 million per day 
  
BP, Chevron, ConocoPhillips, ExxonMobil and Shell
ALL ALEC members
Wonder if corporate representatives colluded on this at the last meeting of the American Legislative Exchange Council in Oklahoma City three weeks ago. Not only does ALEC bring legislators and corporations together behind closed doors - but they also bring corporate representatives together behind lcosed doors - to make deals with each other.

Business & Finance, National & World News
By Christian A.       Published: May 15 2013          

At least three oil companies have confirmed that they were recently inspected by European antitrust authorities.

The offices of Royal Dutch Shell, Statoil, and British Petroleum were raided on Tuesday by European officials suspicious that the companies have engaged in a price-fixing scheme to ratchet up their own profits at the expense of customers. The European Commission announced its investigation into price-manipulation yesterday, but did not specify which companies it was examining, leaving for the possibility of more oil corporations which have not yet come forward being involved.
  THAT is what it is all about.



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