Oil companies are consolidating and reaping record profits. And that's not a good thing, for democracy or for planet earth.
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It's not the cost of oil at the derrick that has been driving up the price of gasoline at the pump, says researcher, analyst and writer Antonia Juhasz. A far more influential factor is the speculative trading of oil price futures, which happens outside the view or regulatory control of this or any other government.
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While most big oil companies have recently begun to portray themselves as newly sensitive to the environment and open to alternative energy, Juhasz isn't buying it.
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