I'm all in for people making a profit, it's what one needs to do and should do if you want to stay in business. "Big Oil" has decided that record profits is the "new strategy" for them. Setting profit records quarter after quarter, I'm talking record profits in the history of the corporate business. Doing so at the expense of common everyday workers, small and large companies, and cities, states and countries. What is the "end game" they are playing? Can only be greed, "I want it all".
California gasoline prices have climbed over $0.50 in five days, now over $4.00 again. California is a oil producing state and has huge refining capacity. Yet petroleum companies claim latest price jump is due to product shortage of inventory.
Give me a break. California supplies our neighbors with refined product, with oil pumped from California, refined here and transported from here to many destination. Arizona, Nevada, Oregon and other western states especially, all get the majority of gasoline either from refineries or through ports all here in California. We even supply other countries with refined gasoline.
How can our neighboring states have much cheaper gasoline? With most of it originating or transported through California. How can we possibly have a "Product Shortage"? Very simple, petroleum companies manipulation of markets.
Trust me our high gasoline prices due to this corporate greed is going to effect everyone eventually. How and Why?
Bookmarks