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Thursday, Oct. 27, 2016
A pain in the gasPosted Thursday, January 3, 2008, at 11:03 AM
Ready to spend more on gas?
Oil prices reached $100 per barrel Thursday, fell briefly and were back up today.
One reason given for the price: Violence in Nigeria. Any excuse.
A reasearch group said gasoline consumption in the U.S. is declining because of high pump prices.
I guess they'll raise prices even more to make up for the loss. Any excuse.
The group said oil and gasoline demand in China and India are driving prices even higher. So...more profits mean prices must be raised. at least from the oil industry's view. Any excuse.
Meanwhile, Ford Motor Co. announced it's negotiating the possible sale of its upscale Jaguar and Land Rover brands to Tata Ltd. of India. But Tata, if it makes the car in India (of course they will, it's the home of cheap labor), will buy gas there. So prices will rise there and here. Any excuse.
At least they won't have to look far to find telemarketers.
And a report by AP indicates the head of Occidental Petroleum earns $50 million a year. No excuse.
It's time to somehow, some way, fight back. Oil companies are greedy and consumers continue being ripped off. And there's ... no excuse.
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David Melson is a copy editor and staff writer for the Times-Gazette.
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