For those that just think the high prices at the pump are a simple case of economical supply and demand, a new memo has surfaced that might open your eyes a little more: A Chevron memo is raising suspicion that oil executives intentionally reduced refining capacity in an effort to boost profits. The 1995 memo, […]
Why Not Just Subpoena Them?
This is rather interesting: Officials from six major oil companies have refused to testify this week at a Senate hearing looking into whether oil industry mergers in recent years have made gasoline more expensive at the pump. With oil companies reporting record profits from higher energy prices, consumer groups have complained that mergers in the […]