At a Senate Committee on Commerce, Science and Transportation hearing, Dr. Mark Cooper, Director of Research, Consumer Federation of America, says that oil companies exploit the consumer.

Posted by Staff on May 23, 2006 |

Cooper says that oil companies are not running enough refineries or keeping enough inventories to properly supply the consumer. Also, he says that the price hikes are highly correlated to record profits, and by keeping inventories tight, gas companies are able to control supply (:38).

 
icon for podpress  Standard Podcast: Play Now | Play in Popup | Download

May 23, 2006
« At a Senate Committee on Commerce, Science and Transportation hearing, Senator Byron Dorgan (D-ND) says that oil companies are not using their profits to benefit the American people.
White House Gaggle »
Both comments and pings are currently closed.

Comments are closed.

Categories

Related


Latest Audio

  • Labor Secretary Recalls Helping Undocumented Students Go To College
     
    icon for podpress Play Now
  • GOP Leaders Look To Suade Moderate Democrats On Health Care Vote
     
    icon for podpress Play Now
  • Democrats’ Health Bill One Great Big Ponzi Scheme, Says Thune
     
    icon for podpress Play Now
  • Senate Democrats Employ ‘Gimmickry’ To Keep Health Bill Below $900 Billion
     
    icon for podpress Play Now

Happening Now - TRNS on Twitter