Thursday, July 27, 2006

Price Gouging? Um, What Price Gouging?

I should write an, "Idiot's Guide To Republican Governance." This timeline is truly amazing!

January 1, 2001
The price of gas is $1.22 a gallon.

August 29, 2005
Hurricane Katrina hits New Orleans. Gas prices rise immediately .

April 26, 2006
After oil companies earn record first quarter profits, President Bush says,
"Americans understand by and large that the price of crude oil is going up and that [gas] prices are going up, but what they don't want and will not accept is manipulation of the market," Bush said. "And neither will I." He promises an investigation into price gouging allegations.

April 28, 2006
A mere 2 days after pledging to investigate price gouging allegations, President Bush says, there was "no evidence" of price-gouging of consumers. He also rejects calls by some lawmakers for a tax on oil company windfall profits.

July23, 2006
Gas prices reach over $3.00 gallon. The highest price in U.S. history.

July 28, 2006
Oil companies have incredible second quarter earnings.
• Exxon reports $10.36 billion in second quarter net income, a 36% increase.
• ConocoPhillips reports a 65 percent increase in profit for the second quarter.

February 1, 2009
George Bush is named to the Board of Directors of ExxonMobile-ChevronShellConico. Gas is now $9.00/gallon.

Get the point?

Write your congressional representatives and demand an investigation.


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