I just saw where the price gouging oil company Exxon-Mobil just posted a profit of over $10.8 billion dollars. You tell me are they screwing the public or what? Yet not suprisingly no investigation by congress or senate or the White House for obvious reasons.
What a shame.
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Yes, they are screwing the public, and I know a good screwing when I see one...
Two words, "FREE MARKET".
Actually Robert I got two words for you: Price Gouging
You cant tell me that gas should be this high. It's price gouging there is no reason. Just look how fast the gas price goes up and how slow it falls down.
Price gouging is legal, as it should be.
Remember when you visited me in Long Island both you bob and you Robert and you stayed at a hotel near where I lived? Right after 9/11 they were fined heavily for price gouging. It is not legal.
http://edition.cnn.com/2001/TRAVEL/NEWS/12/26/rec.price.gouging/
Yes, you are right there. However, there is no federal law dictating how businesses price their goods.
By the way, your link does not work.
I got it from a google search so if you type in price gouging 9/11 Long Island Hotels it's there.
Robert one more thing though can't the states sue Exxon/Mobil if they chose for the price gouging they are doing? Oh wait Bush would block that wouldn't he?
It's only illegal if it can be shown that multiple companies are in collusion. If Exxon/Mobil's prices are so high, shouldn't Union 76 and Arco be able to undercut them and steal much of their sales? As long as the companies are truly competing with each, there is nothing wrong here.
Actually it's really collusion. At least that's what it sounds like. I mean if we looked up (and I don't have time right now to do it) the other oil companies I remember hearing the others are making record profits as well. Again though when I get back I will double check that.
And why undercut sales when you are making as much money as they are?
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