Re: gas prices

[Doug Henwood <dhenwood@xxxxxxxxx>]

How do oil companies manipulate oil prices? If they could do it,
wouldn't they always manipulate them higher?

Doug

On Nov 29, 2006, at 11:54 AM, Perelman, Michael wrote:

> Yes.
>
>
>
> Michael Perelman
> Economics Department
> California State University
> michael at ecst.csuchico.edu
> Chico, CA 95929
> 530-898-5321
> fax 530-898-5901
> michaelperelman.wordpress.com
>
> -----Original Message-----
> From: PEN-L list [mailto:PEN-L@xxxxxxxxxxxxxxxx] On Behalf Of Jim
> Devine
> Sent: Wednesday, November 29, 2006 8:53 AM
> To: PEN-L@xxxxxxxxxxxxxxxx
> Subject: Re: [PEN-L] gas prices
>
> Michael Perelman wrote:
> > Aren't crude oil prices beginning to increase again?<
>
> do you think it's because the oil companies are trying to recoup the
> profits lost because of their effort to manipulate the recent US
> election to favor Bush?
> --
> Jim Devine / "Crime seems to change character when it crosses a bridge
> or a tunnel. In the city, crime is taken as emblematic of class and
> race. In the suburbs, though, it's intimate and psychological -
> resistant to generalization, a mystery of the individual soul." --
> Barbara Ehrenreich