Big oil
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March 25, 2010 9:00 PM
A few years ago, when SUVs still ruled American roads and gasoline prices were skyrocketing, consumers and politicians howled that oil companies were guilty of price-gouging because they refused to increase refinery capacity; the companies responded that it would be crazy to build more refineries to meet a spike in demand that was probably temporary. Now the other shoe has dropped: Demand has fallen through the floor, and oil companies are shutting down refineries as a result. And once again, consumer groups are accusing them of price-gouging.
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