Im david schoumacher. We like to think of our economy as one that runs on competition. For instance, we can choose the brand ofasoline we buy. If one station sets its prices too high, thene can simply go across the stet if one station for a lower price. O high, if enough drivers pass the highprice station by, sooner or later it goes out of business. Of course, if in order to attract business a station sets its prices too low and cant cover costs, sooner or later itll go out of business, too. But what happens to prices if one company, or one person, controls all the gas stations . That was what the country faced in 1890. The company was standard oil the man was john d. Rockefeller. This was the infant oil industry john d. Rockefeller saw after the civil war. Drilling equipment was hand and footoperated in those days and available cheap. Anybody could join the oil rh, and anybody di with thousands of smallscale prospectors, drillers, and refiners competing, the supply of oil was plentifu
Monopolies whos in control . With the help of our economic analyst richard gill well find out on this edition of economics usa. Im david schoumacher. We like to think of our economy as one that runs on competition. For instance, we can choose the brand ofasoline we buy. If one station sets its prices too high thene can simplygo across the stet for a lower price. If enough drivers pass the highprice station by, sooner or later it goes out of business. Of course, if in order to attract business a station sets its prices too low and cant cover costs, sooner or later itll go out of business, too. But what happens to prices if one company, or one person, controls all the gas stations . That was what the country faced in 1890. The company was standard oil the man was john d. Rockefeller. This was the infant oil industry john d. Rockeller saw after the civil war. Drilling equipment was hand and footoperated in those days and available cheap. Anybodcould in the o rh, and anybody did. With thou
The russians with something that they know cant happen for two, three years is, may be counterproductive and, my reaction as an Energy Person is to say that the russian reaction would be, if that is the best youve got, then we have nothing to worry about. Thank you all for your testimony. I once again, thank you. Mr. Chow, let me follow up on that for a moment if i might. And that is you mentioned that any solution with lng in regards to ukraine would be midterm, longterm solutions, not short term. Can you just review with us what we should be doing in the short term . N russia has a doubleedged sword here. They can absolutely imply different pressure on ukraine by either raising price or, or cuttinger off but, its a very profitable source of income for russia. And of course a lot of the energy goes through the pipelines to other countries. However, ukraine needs to make itself more independent and have alternative sources and use less energy which is an area that i think the imf is ve
Mr. Blumenthal madam president , i ask that the quorum call be lifted. The presiding officer without objection. Mr. Blumenthal thank you, madam president. This month we celebrate the 41st anniversary of the Supreme Court decision in roe v. Wade, a ruling that assured every woman her constitutional right to make her own decision about whether and when to have a child, based on her fundamental right to have her privacy protected. I had the honor to clerk for the author of roe v. Wade, Justice Harry blackmun, in 1974, shortly after that decision. And i can say that in that year few of us expected that we would be here 41 years later facing the kind of attack, in fact, the onschatz on Womens Health care and that right to privacy that we see again and again and again on the part of states and even in this United States congress. Just today the house of representatives will debate and probably vote on a bill that would severely restrict very practically constrict a womans right to choose, h.
With the help of our economic analyst richard gill, well find out on this edition of economics usa. Im david schoumacher. We like to think of our economy as one that runs on competition. For instance, we can choose the brand ofasoline weuy. If one station sets its prices too high, thene can simply go across thet if one station for a lower price. O high, if enough drivers pass the highprice station by, sooner or later it goes out of business. Of course, if in order to attract business a station sets its prices too low and cant cover costs, sooner or later itll go out of business, too. But what happens to prices if one company, or one person, controls all the gas stations . That was what the country faced in 1890. The company was standard oil the man was john d. Rockefeller. This was the infant oil industry john d. Rockefeller saw after the civil war. Drilling equipment was hand and footoperated in those days and available cheap. Anybodcould join the o rh, and anybody did. With thousands