Wednesday, February 18, 2009

Oil prices up, for no good reason

Just as I post about how no one is noticing the pump prices for gas creeping up again, ABC news has a blurb about it. You can check it out HERE. In a nutshell, their rationale is that prices have increased because oil production has decreased due to low demand. That may be true, but that doesn't make it right. God forbid oil companies NOT make billions in profit annually...even while the rest of the planet is suffering fiscally too. People are hurting financially and not driving as much, so oil companies raise prices?

Sounds like price gauging to me!

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