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Press Conference: Price Gauging

By ThinkProgress on Apr 28, 2005 at 8:09 pm

Rhetoric:

There will be no price gauging at gas pumps in America. — President Bush, 4/28/05

Reality:

Exxon Mobil Co. reported a 45% surge in net income, while Royal Dutch/Shell Group’s earnings rose 40%, as persistently high oil prices fed the industrywide profit bonanza.

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