Saturday, April 19, 2014
The Canadian Gas Pump Scam
This one is astounding. It's a perfect example of the boiling frog syndrome. If you put a frog into hot water it will jump out but if you put it in warm water and gradually turn up the heat, it will stay there until it boils. That's why FBI Whistle blower Sibel Edmonds calls her blog the Boiling Frog Post.
Everyone complains about the price of gas. However, this new set of record jumps in price is yet another example of how the government has helped destroy a free market with a corporate monopoly. The oil companies can charge whatever they want whenever they want because there is no competition. They have a monopoly on the market that was created with tax dollars.
The Canadian Association of Energy and Pipeline Landowner Associations states: "Kinder Morgan’s Trans Mountain, like all pipelines in Canada, is a franchise monopoly. That means it is protected by government from competition. Which means it can do what monopolies always do: abuse customers by jacking prices and cutting service. In theory, government regulators are supposed to protect consumers from this sort of thing. But given the reality of regulator capture it doesn’t work that way in practice."
In 1911 the United States Supreme Court ruled that Rockefeller' Standard Oil was an illegal monopoly. Now the politicians who accept huge campaign contributions form the oil companies call monopolies good business. We have no anti trust laws any more. That is the problem right there and right now it is a bigger threat to our civil liberty than Russia.
On top of that, Stephen Harper sold Canada's oil rights to Communist China so every time we get gouged at the pumps we are funding the military expansion of a Communist dictatorship. China supports North Korea just like the Hells Angels support puppet clubs.