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| Articles about Gouging |
| Gas Stations Price Gouging? or Smart Business? | | 2008-06-10 04:09:03 | | Don't get upset by what I'm about to reveal, because I'm guessing it goes on all the time across industries and it's more the norm than we think. Everyone is talking gas prices and I've been paying attention to them as well. Within the last month I've seen inspectors at 3 different locations - when I have NEVER seen gas inspectors before in my life. Something was going on....and then I noticed that prices were changing very quickly...[Story Continues...]In fact, they were changing multiple times | | By: The BusinessViking Resource | | |
| | Gouging gas | | 2008-05-31 12:07:00 | | Escalating cooking gas prices have precipitated rising illegality in middlemen siphoning and reselling tampered products to unknowing consumers. The market monitoring agency of Ho Chi Minh City has already confiscated 49,226 illegally-filled cooking gas cylinders this year, while the figure was 36,429 for all of the 2007.
“The illicit extraction of cooking gas has grown worse in the city,” said | | By: Vietnam Business Finance News | | |
| | Tax Gouging at the Pump | | 2008-04-01 23:00:00 | | Yesterday, members of the House Select Committee on Energy Independence and Global Warming spent the day beating up on oil industry executives for "excessive" profits and gouging consumers at the gas pump. Lost in the political theater is the fact that those "excessive" profits are net profits: that is, profits earned after taxes are paid to government. And while the oil companies have enjoyed a few good years, history shows that government has profited more from the domestic oil industry than has its shareholders. Recent data from the Energy Information Administration shows that since 1981—the first year of the Windfall Profits Tax—total taxes from all oil industry sources exceeded the combined profits of all companies in every year but the past three. Between 1981 and 2006, government collected $1.65 trillion in total taxes after adjusting for inflation. That is 65 percent more than the combined earnings of the 16 largest domestic oil companies duri | | By: Tax Policy Blog | | |
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| Proof of Oil Companies Gouging Prices? | | 2008-02-01 08:59:01 | | Exxon-Mobil announced their largest quarterly profit today at $11.7 billion. According to the CNN article, they were making about $1,300 per second last year with an annual profit of $40.61 billion.
Trust me, I’m not one of these lunatic who thinks that companies should be taxed ten different ways to Sunday or that Republicans bend [...] | | By: Joe's Journal | | |
| | House Passes Lame Gas Gouging Bill | | 2007-05-24 17:32:31 | | From the AP:WASHINGTON - The House, eager to do something about record high gasoline prices in advance of the Memorial Day weekend, voted narrowly Wednesday to approve stiff penalties for those found guilty of gasoline price gouging.The bill directs the Federal Trade Commission and Justice Department to go after oil companies, traders or retail operators if they take “unfair advantage” or charge “unconscionably excessive” prices for gasoline and other fuels.The White House called the measure a form of price controls that could result in fuel shortages. It said President Bush would be urged to veto the legislation should it pass Congress.(snip)Rep. Bart Stupak, D-Mich., its chief sponsor, in urging his colleagues to support the bill said the issue was whether “to side with Big Oil (or) ... side with consumers who are being ripped off at the gas pump.”But Stupak was forced to soften the bill so that he could get it passed by requiring a president to first declare an energy em | | By: Dyre Portents | | |
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