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Gas Prices – The Real Story
How much is enough? How much profit from the sales of gasoline to the consumer is enough? The unparalleled profits of the major oil companies is at a staggering amount. The Oil companies have found the means to close the market so there is no price competition for gasoline, diesel or heating oil. The only logical answer? There seems to be collusion, and possibly a violation of the Sherman anti-trust act.
Current Issues With the Global EconomyThough the housing bubble deflated about two years ago, its true effects are only now beginning to emerge. In late 2006, when the economy first began to show signs of weakness in the housing market, most economists predicted that a recession was very unlikely, and that any downturn in real estate prices would be localized and mild. In reality, a global downturn is now a real threat, with the final price of the credit crunch projected to exceed $1 trillion dollars.