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  • Government, not big oil, is the big beneficiary of high oil prices

    08/28/2006 8:59:03 AM PDT · by theBuckwheat · 19 replies · 651+ views
    Oklahoma Council of Public Affairs ^ | August 22, 2006 | Jonathan Williams
    Oklahoma’s Golden Opportunity With gasoline prices exceeding $3 per gallon throughout much of the United States, motorists are feeling a considerable amount of pain at the pump. Many elected officials are feeling pressure from their constituents to “do something”... “Doing something” in this case usually means railing against the evils of “Big Oil.” Of course, worldwide supply and demand are the primary determinants of gasoline prices, but that does not stop the wild allegations — often centered on accusations of “price gouging” — against oil companies every time they raise prices or announce a quarterly profit. Accusations of gouging then...