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Probe into gas gouging may educate Americans about pressures on oil supply

Madison, Wis. -- I can't say whether Big Oil, the mom-and-pop gas station on Main Street or an unholy combination gouged consumers in the aftermath of Hurricane Katrina, but I'm looking forward to the Federal Trade Commission investigation that proposes to find out.

My enthusiasm is only partially based on what the commission may learn about illegal p......

Full article >>> t. Here are factors often listed by Edmonds and others who track energy markets.

The economic recovery is still under way, so demand is naturally up after a slack period tied to the economic recession.

China and India are becoming big users of oil. Growing economies in both countries has sharply accelerated demand, putting pressures on prices as competition for oil grows. By 20......

Full article >>> ction, refining and transportation infrastructure. Edmonds said the worldwide bill for such investments is $568 billion per year between now and 2030 - and that was before Katrina and Rita.

Maybe the attorneys general are right, and they can all look like Eliot Spitzer. But I'm betting the bigger culprits are two characters named "supply" and "demand."

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