Monday, May 22, 2006

See you again at the height of beach season – Yet another government probe into price gouging leads to yet another dead-end: “An investigation by U.S. antitrust authorities found no evidence that oil companies illegally manipulated gasoline prices or constrained oil refining operations, the Federal Trade Commission said Monday.” Thank heaven that political investigations are a renewable resource.

2 comments:

Anonymous said...

Anyone who has taken a basic economics class, including Pelosi and Boxer (Donkeys-CA)knows that current prices for a commodity must reflect the future cost of said commodity, otherwise you couldn't replace it once it was sold. This is why gas prices go up instantly when there is a change in oil, even though 'that' oil was purchased and refined months ago... This is stuck on stupid obvious.

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