Sunday, April 1, 2012

The mighty power of the oil companies

The Günther Jauch Show this evening discussed the petrol/diesel industry in Germany.

The majority on the panel believe that the five major oil companies operate a clever and sophisticated cartel in Germany.
It is fascinating how the individual oil company decided the price of the litre on a daily basis German-wide.

The Federal Government collects €40 billion annually from tax on fuel. It earn 92 cent on every litre.

What chance has little Ireland to say the slightest word to the oil companies?

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