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Monday, May 22, 2006

Big Oil companies not Gouging...

CNN Money has this story covered by Reuters

According to CNN Money big oil companies are in the clear for price gouging. The FTC agency said it had however found 15 examples that fit lawmakers' definition of price-gouging at the "refining, wholesale, or retail level."

I don’t know about you but I feel a lot better now knowing that Big Oil isn’t ripping us off. Who owns the refineries, wholesalers and retail outlets again?

This is another brilliant case of good government at work with its blinders on. So if these same folks were investigating a robbery but a murder was committed they would stand up proudly and state that they have found no evidence of a robbery and walk away. I’m assuming that the FTC was charged with only investigating big oil companies so finding the other information doesn’t count. Makes you go hmmm don’t it?

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