I recall a discussion about oil companies and how they don't pay the market price for crude oil but of course profiteer on every case of indigestion in the Middle East. If my memory serves the talking points include: Oil companies own or lease wells which are unaffected by the spot market and speculators. Oil companies buy on long term contracts which are unaffected by the spot market and speculators. The Koch Brothers control about 70% of the refining in Minnesota and gouge the hell out of tea party factory and retail workers. It would also be useful to know what pipelines they control since the St Paul Marathon Refinery would have their crude prices fixed by their competition if Koch controls the pipelines. Minnesota oil comes from Canada and North Dakota. There are no Saudi tankers docking in St Paul. Please post facts on this issue as useful talking points to show how Reverand Koch 1 & 2 are sticking it to their flock of sheep and the rest of us. I would love to have a senator hold a hearing on the issue of what the oil ocmpanies and refineries really pay.

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anonymous green 3 years 24 weeks ago
#1

You might want to look into how much oil is really shipped here, and how many phantom tankers don't really even exist.

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