Gasoline Price Manipulation Dr. Michael L. Ford 30 August 2006 Charges of price gouging since Katrina until this present time should come as no surprise to anyone. Common sense tells you the price of a barrel of oil being pumped out of the ground in Saudi Arabia today does not immediately transfer itself to an increase at the pumps tomorrow. The oil tankers are miniature Noah’s Ark proportioned vehicles and the oil takes awhile to get to our shores. Because the service station supplier is showing an immediate price raise means someone, maybe not the retailer, is reaping windfall profits off cheaper bought oil. But if you say that the propagandists act like you are stupid. Well, duh! The fact Federal investigators are probing whether or not British Petroleum manipulated crude oil and gasoline prices or not might come as a shock to those critical of the Bush administration. They believe the President, as an oilman, is on the side of big oil companies and will not get involved in serious oversight of their activities. Well, the investigation originates in the Justice Department and it is looking into activities from two to four years ago offering no relief to our current situation. What other companies are targeted besides BP is unknown to me, but there has to be a conspiracy of producers to effectively control oil prices. If they are not competing with each other, but cooperating, they can control prices. Increased prices for other things we use and consume has been blamed on fuel costs. When you go into the local grocery store you may well have noticed items you used to pay ninety-nine cents for suddenly jumped to a dollar twenty-nine or thirty-nine. Using some logic would tell you fuel costs for shipping alone would not account for such price increase on individual items we see. And immediate increases in store prices are not going to happen because farmers have increased fuel costs. The production of products that have not yet even been harvested have not been passed on. Nobody is investigating gouging in store prices yet. Let me suggest something. During The Tribulation the cost of a loaf of bread will be the daily wage of the average person. The price does not need to go there overnight but could occur in steps.
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