Nader Calls for Investigation Into Rising Gas Prices

[Adenoid_Hynkel]

Kerry should steal this issue.

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FOR IMMEDIATE RELEASE
May 12, 2004


Nader Calls for Investigation Into Rising Gas Prices

Washington, DC: Gasoline prices are approaching $3 a gallon in some
states like California and Nevada. Every penny increase in the price of
a gallon of gasoline over a year costs consumers $1.4 billion. Every
penny! This is not due to gasoline taxes, this revenue is going to the
oil industry.

How is this happening? There is no reduction in supply by the OPEC
cartel. There is no regulatory excuse for the oil companies to blame,
for there is no regulation of prices at all. Industry spokespersons say
it is the tightening of refining capacity.

If that is the excuse, then why have the oil companies been closing down
so many refineries over the past twenty years and not building any new
ones in their place? The cynical answer is that tightening refinery
capacity is the perfect way to jack prices up without being charged with
price-fixing by the government.

The Bush Administration is headed by two ex-oil fellows and around Bush
and Cheney there are 40 high officials who came from the oil and gas
industry. Bush's government is leaving consumers, cab drivers,
truckers, and homeowners defenseless. It is doing nothing in a big way.
Tens of billions of dollars are being drained away from individuals,
families and businesses.

An investigation is needed to determine why prices are rising so
rapidly. Consumers need to know why tens of billions of dollars are
being transferred from their wallets to the oil companies.

[GainesT1958]

1. Why doesn't Ralphie Boy just ask his buddies...

In Dick Cheney's office if he wants some REAL answers?x(

In any case, HIS running won't stem the tide of oil--and so gas--prices rising one cent; it would just help keep Dub & Co. in to let them hit $5 by 2006...in line with European prices.

B-)

[Wickerman]

2. thanks for the help, Ralph