4-6-07 by Court
Seven years ago, I flew back to Chicago to issue a report on how big gasoline price spikes were a result of artificial manipulation of the gasoline supply by oil companies.
Tim Hamilton wrote that report and when the FTC finally reported on the problem they confirmed many of its findings, particularly that refiners were purposely not replenishing inventories following a pipeline break because that kept the price of gas high. Refiner Marathon was pretty forthcoming with the FTC about that one.
Well, it turns out a lawyer got a hold of the study and is using it in a case that just got revived by the courts. I never talked to him, but Tim did briefly. it sounds like some of the facts from that ancient report will now get thrown back in the face of the oil companies involved soon. Depositions are going ahead.
You just never know how what you put out there will sometimes come back to haunt the responsible parties.