BubbaStrangelove
09-21-2005, 02:29 PM
Wisconsin Governor, Jim Doyle is asking oil companies for a 88billion dollar refund amid the surfacing data indicating price gouging by oil companies.
Here is his letter:
http://www.wisgov.state.wi.us/docview.asp?docid=4677&locid=19
Here's a study relased by a Wisonsin University:
http://www.lafollette.wisc.edu/calendar-news/2005/outlooksep05.pdf
Long story short, based on the data, it was determined that crude oil would have to run about 90 cents a barrel to account for $3.00 per gallon of gas. However, crude oil, for the last month has been sold at about 60 cents a barrel.
They go into the other factors involved, but overall they've shown pretty clearly that the gas prices were unnecessarily raised surrounging Katrina.
I remember last year in Florida, they were bringing criminal charges against motel owners, charing $100 to stay at their $25 a night motels, gas stations charging $15 for water, and so on --- It's a felony.
The research deduced that the oil companies together brought in the 88 billion dollars through illegal means, and is setting to file a move against them asking for reimbursement in his state.
I don't understand why so many people gave the oil companies a benefit of doubt. Greed isn't exactly a new thing.
Here is his letter:
http://www.wisgov.state.wi.us/docview.asp?docid=4677&locid=19
Here's a study relased by a Wisonsin University:
http://www.lafollette.wisc.edu/calendar-news/2005/outlooksep05.pdf
Long story short, based on the data, it was determined that crude oil would have to run about 90 cents a barrel to account for $3.00 per gallon of gas. However, crude oil, for the last month has been sold at about 60 cents a barrel.
They go into the other factors involved, but overall they've shown pretty clearly that the gas prices were unnecessarily raised surrounging Katrina.
I remember last year in Florida, they were bringing criminal charges against motel owners, charing $100 to stay at their $25 a night motels, gas stations charging $15 for water, and so on --- It's a felony.
The research deduced that the oil companies together brought in the 88 billion dollars through illegal means, and is setting to file a move against them asking for reimbursement in his state.
I don't understand why so many people gave the oil companies a benefit of doubt. Greed isn't exactly a new thing.