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Letters to the Editor
Thursday, August 18, 2005

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Gas costs and greed

I wonder if someone (maybe the News & Record) could do a little research on the reason for the extreme cost of gasoline. Not about the demand, the refineries or the producers, but about the greed and profiteering.

Doug Osborne
Greensboro

Comments (8)

Sorry Doug that's not a local story - our "reporter" is busy doing watermelon stories.

we all know its happening so if you want to save the world and stiff the gas company, incorporate the Amish lifestyle into your world. reap what you sow

Somebody did do the research on this Doug, here's a link to The Foundation for Taxpayer and Consumer Rights who found that, "manipulation of domestic refining capacity and inventories by American oil companies as the reason behind gasoline price spikes, not the traditional scapegoats of Big Oil: OPEC, government regulation, litigation, and environmental standards."

Pure profiteering. Guess that's how the oil companies can afford to fund so many global warming "skeptics."

Wow, you don't really see this combination of professed ignorance and professed knowledge too often. Doug want to know what he already knows: that THE MAN is screwing him. Not the SUV-driving man, not the refining man, not the OPEC man, but THE MAN. You know who I'm talkin' bout. THE GREED MAN. N&R, could you please comply and fill in the details for Doug so that he can rest more secure in his paranoid fantasy.

Personally, I would rather see them do some reporting on what the heck happened to all that tax money Skip Alston's "management group" stole.
But that would mean exposing Skip and the truth for what they are... so that ain't happenin'.
IMO, Gas prices are off the chain because we are trading money and blood for oil.

Interesting piece on CNNHN this morning on gasoline and prices. It seems, according to their report that speculation on futures has created much of the rise in gasoline prices as anything else. It is that "buying on futures" which drives much of the market on many of our imported items however the price is not so immeditely reflected as it is in oil and gas.
It seems that some folks were able to "join" what is know as a gasoline bank back some years ago. They are buying gasoline at less than a dollar a gallon , some at $1.50 per gallon. What they did is just exactly what others are doing today. They bought gasoline through this group at a very low price on the assumption that the price would rise. Investors today are doing the same thing thus giving us $65 a barrel oil. They are betting that it will continue to rise and they will make a profit. The folks featured in the piece this morning are not making money per se but they sure are saving a buck or two. Who would have thought? Who invest in futures? Anyone who can put a few hundred dollars into the market.
Want to get even, invest in the futures market.

Once again Lilly offers nothing of value and fails to address the point at hand. What does Skip Alston have to do with the price of gasoline? Nothing!

UB, just what have you contributed to the subject?

Perhaps as much as brian, or yellowdog or perhaps another one or two. At least her last sentence expressed an opinion. Did you perhaps not agree with her opinion and could only spout off as you have done on other post today?

So which will it be UB, contribute or critize someone else?

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