Gasoline prices at a 76 gas station are displayed in Encinitas, California, February 19, 2013.
Santa Monica based Consumer Watchdog shares their analysis of California's grossly manipulated gasoline marketplace.
California oil refiners, who have made a political agreement to undermine state environmental laws through claims of high gasoline prices, have used every trick in their playbook to raise gasoline prices artificially this year. They exported unprecedented amounts of finished gasoline to dry up the market, took down an unprecedented number of refineries offline in spring/summer drive time, and have propped up prices through manipulation of their price leverage at branded stations by 30 to 40 cents.
Scotty of Strange Parts went to the colorful bustling Chor Bazaar in Mumbai, India. It’s chaotic and crammed and exciting. Scotty has videos of other markets he’s been visiting lately and they are all worth watching.
Markets don’t solve all our problems, but they sometimes produce remarkably efficient systems for producing and distributing goods, and the internet traded on that promise with marketplaces like Ebay (anyone can sell, anyone can buy); Google (anyone can publish, anyone can read), and Amazon (one marketplace where all goods are transparently priced and ranked).
Despite the denials of its new CEO, Wells Fargo had a serious, widespread cultural problem that led it to commit at least 2,000,000 financial crimes. But the crimes and the culture are widespread across America’s banks, and they spread further than that, because the system is rigged to reward financial crime.
Sipping on whiskey is already a sophisticated experience, but that doesn’t mean you can’t kick it up a notch. A perfect addition to your desk or home bar, the Eravino Whiskey Globe Decanter features a beautifully etched map on the surface and an eye-catching glass ship inside, bringing an entirely new level of class to […]
Gone are the days when you needed to pore over a 400-page physics textbook to learn about weight ratios, aerodynamics, and all of those other STEM concepts that let us take to the skies. Thanks to Force Flyers’ DIY Building Block Drones, you can foster your STEM knowledge as you build and fly your own functional […]
As more companies leverage cloud technology to unite and streamline their operations, the need for capable IT pros increases. But, as any IT guru will tell you, demand alone won’t get your foot in the door to this lucrative field. If you want to cash in on the demand and build a thriving IT career, […]