Post: Why gas prices are going up

Posted by it's the hurricane, right? ...RIGHT? on 9/26/05

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News Report: “Gas prices are going to go up because
hurricane damage limits production.”

Or so we are told. But don't fall for it. What we are
seeing is pure market manipulation to make the rich much
richer.

A look at the "rolling blackouts" that occurred in
California provides us a detailed road map for what is
occurring with the oil companies now. The Federal Energy
Regulatory Commission confirmed that California's
blackouts were a business strategy where power companies
systematically shut down plants to decrease production in
order to drive prices much higher, and reap incredible
profits.

Contrast this with the outpouring of assistance from
Americans from all parts of the nation. While average
Americans are opening their hearts, homes, and wallets,
the big oil companies are exploiting the natural disaster
for their own financial gain.

What are we getting for all of this increase in price?
Are we getting refineries that are more hurricane-proof?
Nope. Are they building in more reserve refining capacity?
Nope.

What we get are increased oil company stock prices, and
gouged at the pump.

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Why gas prices are going up, 9/26/05, by it's the hurricane, right? ...RIGHT?.