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:: Sunday, September 21, 2008 ::
DOJ should investigate Anti Trust Law Violation of Major Oil Companies in the US.
On June 17, 2008, I filed a petition to Department of Justice to investigate big oil companies on the violation of Anti-Trust Law. Ever since then, the oil price came down from $147 all time high to below $90, and I expect it to continue going down to $50's or much less. Then, there was news saying the oil price surged was NOT due to demand and supply as Senate report said but hedge funds pump $60B into oil commodity since early this year. In any case, it is obvious that big oil companies do NOT have sufficient competition, and DOJ should break them up to many smaller companies.
The impact on this oil price collapse is that millions of ex homeless or barely homeless American families would be more likely to afford heating oil for the cold winter to come. And, charity organizations short of funding to subsidize expensive heating cost of poor American families can have some breath. Instead of sending hundreds dollars here or there to help many poor families to get heating oil or paying heating bill, we should all continue requesting DOJ on investigation of Anti Trust Law violation of Big Oils is the solution.
Whoever supports Obama or McCain should pass this working solution to their favoriate Presidential candidate, and I believe, whoever can solve this oil price issue will not only be a great President of the US and will win the Nobel prize.
:: Mr Cheng 11:15 PM [+] ::
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