Karuna : friend

Re: EXXON/MOBIL: corporate mark-ups + profiteering

Karuna said Apr 26, 2006, 4:29 AM:
 
Please read this one page report of the results from independent study of rising gasoline prices

NEWS RELEASE 
April 18, 2006 

New Gasoline Study Shows Profits, Not Crude Oil Prices Or Ethanol, Are Driving Pump Price Spike

Santa Monica, CA – The Foundation for Taxpayer and Consumer Rights released a new study today of rising gasoline prices in California that found corporate markups and profiteering are responsible for spring price spikes, not rising crude costs or the national switchover to higher-cost ethanol, as the oil industry claims. 

Click here to download and read the study.

“This study should be a wake-up call for California voters who will vote in November on a ballot initiative to tax windfall profits by oil companies so the state can develop alternatives to the petroleum economy.”