The Latest...

Big Oil, Accidents, and Price Gouging

Posted: June 05, 2010 in Misc

I had a bit of an epiphany today.

Has anyone else noticed the price at the pump? Usually, whenever there is ANY sort of "mistake" (refinery fire, pipeline leak, butterfly landing on an oil rig) the price of gas at the pump shoots up instantly, then takes months, sometimes years, to recover.

But during this debacle, the price at the pump hasn't budged. I think it's because they're doing everything they can to keep this out of the news, so a price spike at the pump due to the Gulf spill would just shine more light on the thing.

This means that they can control the price at the pump regardless of any disaster (since arguably, this is the biggest one of all). It's also an admission that all the other times we had a price spike, it was nothing more than gouging.

Think about it.

Add Comment

Click to reload a new image.

< Back to blog