Bob's Links and Rants

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Monday, April 04, 2005


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.