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Acting brazenly as a cartel, the organization is breaking U.S. antitrust laws.
As the national average price of gasoline raced toward $4 a gallon and airlines laid off workers by the thousands because of rising jet fuel costs, the House of Representatives took action: It overwhelmingly passed the Gas Price Relief for Consumers Act of 2008.
Acting brazenly as a cartel, the organization is breaking U.S. antitrust laws.
As the national average price of gasoline raced toward $4 a gallon and airlines laid off workers by the thousands because of rising jet fuel costs, the House of Representatives took action: It overwhelmingly passed the Gas Price Relief for Consumers Act of 2008.
I am not going to comment either way on the actual position of this, but that story reads more like an angry blogger ranting than it does an objective news report.
Acting brazenly as a cartel, the organization is breaking U.S. antitrust laws.
As the national average price of gasoline raced toward $4 a gallon and airlines laid off workers by the thousands because of rising jet fuel costs, the House of Representatives took action: It overwhelmingly passed the Gas Price Relief for Consumers Act of 2008.
Kuharai hit it right on the head. People from other countries are allowed to break any and all US laws that they wish provided they dont live here. What makes someone from the middle east liable to comply with a law established here?
Perhaps we should be looking at the "oil futures" area before we start looking outwardly and condemning others for our stupidity and lack of discipline.
Before they were supplying upwards 70%, (remebering off my head, could and might be worng but still way higher than now)
The less and less of the world's oil they supply, the higher in price it has gone. They were a hedge against speculation and tight supplies.
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