More data on this from 2001 study.... http://www.ftc.gov/bc/gasconf/comments/report53001.PDF
Notable quotes from the Executive Summary: Competition is decreasing: "As a result of recent mergers, the five largest oil companies operating in the United States now control 61% of the domestic retail gasoline market" and... OPEC isn't responsible for the increases in price: "Since these companies are enjoying significant income increases in every sector, this indicates that OPEC's influence is not a major factor in the ability of the top five corporations to affect domestic gasoline prices." and... It's seriously harming the nation: "These record profits have come at the expense of profits in nearly every other sector of the American economy. An analysis of the profits of America's 1,400 largest corporations in 1st quarter 2001 reveals net income 43% lower than in 2000, mostly due to "rising labor and fuel costs."" ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Discover CFTicket - The leading ColdFusion Help Desk and Trouble Ticket application http://www.houseoffusion.com/banners/view.cfm?bannerid=48 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:180483 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
