Crash...
Our Senator Joe Lieberman called a
Congressional get together many years
ago to address possible price gouging
when gas prices suddenly shot up 25 cents a gallon
or so for oil already on hand prior to
planned reduction in supply by OPEC.
Oil Co. presidents attended these hearings which lasted all day to
explain oil pricing to our Congressman.
At the end of the day (like 8hrs. worth of
Q&A and explanations), Sir Joe asked
his esteemed colleagues whether ANY
of them understood anything more about
why oil prices for supplies already on hand had gone up based on a
future
"planned reduction". To a man, not one
Congressman knew more in terms of
understanding the foregoing phenomena
than he did when he initially walked in the
door that morning.
The matter was dropped at that point.
Nothing was ever done. Price increases were kept in place...and that was
the
end of it.
Cap'n. Bob
'60 :{)
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