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To: Rodney King

From Consumer Union here
http://www.consumersunion.org/pub/0407-CU-CFAGasReport

Also See GAO 04-96 Energy Markets Effects of Mergers... from www.GAO.gov


45 posted on 09/29/2005 1:45:18 PM PDT by NYFriend
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To: NYFriend
Well, I read the first page and can tell you that it is junk. In addition to discussing gasoline prices, the guy claims that natural gas wellhead prices are also being increased because of market concentration, etc.

That is so off-base as to make me think the guy knows nothing. I used to work in corporate finance for a major natural gas producer. The idea that there is collusion is totally nuts. Not only is it very competitive, but there are even secondary trading markets to ensure such. Plus, there are endless numbers of natural gas producers. It is one thing to allege collusion in refinery production, but quite another in natural gas production.

46 posted on 09/29/2005 1:53:38 PM PDT by Rodney King (No, we can't all just get along.)
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