Friday, September 23, 2005
BUSH MO CONTINUES: Former Lawyer for Chevron overseeing investigation in Gas Price gouging.
Yesterday, the Federal Trade Commission announced it would investigate possible post-Katrina gas price gouging.
Early evidence suggests there’s plenty of dirt to find. A new Government Accountability Office report shows that retail gas prices have risen faster than crude oil prices, and local Exxon dealers have complained anonymously that higher prices are being “decreed from the top.”
Unfortunately, the person charged with getting to the bottom of it all is FTC Chairwoman Deborah Majoras. Her old job? Representing Chevron-Texaco and “other major oil and gas interests” (though you won’t learn that fact in her official bio).
