intentionally reduced refining capacity to pump up profits to world-record levels.
More Quotes from Jamie Court:
The Lockyer investigation should put oil industry executives on notice that they are going to have to answer tough questions about their role if the price of gasoline rises more than ten percent above pre-Katrina prices or above approximately 3.10 per gallon,Jamie Court
He has literally been the ideological godfather of the privatization of health care and fiscal irresponsibility with regards to the budget deficit. Bill Thomas to me as a Republican is an embarrassment.
Jamie Court
This is a staggering profit and proof that we are being gouged by the oil industry.
Jamie Court
The answer is not more carrots for the industry, like gutting environmental laws and immunizing companies for the harm they cause, but sticks, such as forcing companies to invest in beefing up refining capacity when it is needed,
Jamie Court
They are supposed to compete and bring the lowest price to consumers. But the truth is that a small number of oil companies cheat by working together by artificially reducing supplies.
Jamie Court
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