Did anyone watch the news clip with CNBC's Michelle Caruso Cabrera(Please read details)?

Question

Did anyone watch the news clip with CNBC's Michelle Caruso Cabrera and Senator Ben Cardin,D-MD on the Senate Judiciary Commitee? It was so crazy how Michelle was defending the oil companies. The senator is exactly right. The oil company's profits are obscene and there definetly has to be a limit to corporate conduct. There's also this Boone guy saying a barrel of oil will cost $150 by the end of this year. Isn't that crazy?

Answer 1

Just after Katrina hurricane the gasoline stations were being fined for price gouging.  Then somebody asked, exactly what is price gouging?  Nobody could say for sure.

It seems like that the oil companies are price gouging now and should be fined.

Good Luck...

Answer 2

yes. within the next 10-30 or so years were going to witness fuel being an everyday consumed product to an acclaimed luxury..

but by saying that, alot of European countries are already rolling on the new stuff.

pressure will fix it. atm theres not enough urgency. humans act best / only act under pressure..