Every Day More People Wake Up

...to the fact that the oil companies are manipulating the price of petroleum products to enrich themselves at the expense of the economy and consumers. Gasoline price increases like we've experienced TWICE this past few months are nothing more than Oil Interests (read everybody from drillers to refiners to retailers) GOUGING the captive buyer. I wonder how long it will be before somebody who is ruined by this scheme gets desperate or angry enough to take some punitive action...

MAKING MY POINT: OIL RIPOFF ! ! ! !

Price of gasoline in Orange County, Calif., up TWENTY CENTS in past ten days, and ANOTHER FOUR CENTS OVERNIGHT to $4.09! Meanwhile, in the Imperial Oil Monopoly : ExxonMobil reports TEN BILLION DOLLARS in profits! WTF is wrong here?!!

DOUBLE-DIP RECESSION HITS! (Spain)

Spain's gross domestic product fell 0.3 percent in the first quarter 2012, as its economy slipped back into recession again; it joins the UK that got there last week. Different places than the US, granted, but some of the same problems. Consensus is that a BAD job report looms on Fri May 4th;  and although gasoline prices have dropped lately, they are still too high (manipulated higher by speculators and the oil companies).

SPEAK THE TRUTH!

Better Markets' Dennis Kelleher posted article on MONEY.CNN.COM laying the blame for high gasoline prices squarely on SPECULATORS. He estimates they account for 70% of the "action" in commodities/futures trading!

I suspect that the oil companies support this as a "win-win-win" situation: higher gasoline prices make more money for them, plus they dampen the economy to help GOP cronies corral displeasure for Obama and thus win in the presidential election!