Jim Hightower taps into the real reason for the US involvement in Iraq: it's about a new law requiring Iraq to open up it's oil reserves to privatization, making room the Big Oil corporations to plunder Iraq.
Showing posts with label oil. Show all posts
Showing posts with label oil. Show all posts
Thursday, August 16, 2007
Tuesday, August 14, 2007
Oil Companies Are Using a Simple Trick to Bilk Consumers out of Billions
It's probably intuitive to most people that the gasoline in their fuel tank expands in the heat -- just like doorframes and cookware and everything else on the planet. What's probably less intuitive is that, in the United States, this physical phenomenon pumps a nearly $2 billion annual windfall out of consumers' pockets and into oil company coffers, according to numerous calculations, including a recent House of Representatives study.
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