$58.15
Another new record for oil. Gasoline is up another two cents just this morning.
All this new money in the oil business will apparently lead to even further monopolization--ChevronTexaco is going to buy Unocal. There were good reasons why anti-trust laws were passed over 100 years ago. They were used to break up Standard Oil a long time ago, and to break up AT&T about 25 years ago. Since then, however, the laws have not been enforced, and Standard Oil and AT&T have nearly been reconstructed. Once ChevronTexacoUnocal and ExxonMobil and BPAmoco megamerge, it'll be pretty close to a corporation J.D. Rockefeller would recognize. And SBC now has just about as much of the phone business as AT&T once did.
All this new money in the oil business will apparently lead to even further monopolization--ChevronTexaco is going to buy Unocal. There were good reasons why anti-trust laws were passed over 100 years ago. They were used to break up Standard Oil a long time ago, and to break up AT&T about 25 years ago. Since then, however, the laws have not been enforced, and Standard Oil and AT&T have nearly been reconstructed. Once ChevronTexacoUnocal and ExxonMobil and BPAmoco megamerge, it'll be pretty close to a corporation J.D. Rockefeller would recognize. And SBC now has just about as much of the phone business as AT&T once did.
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