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States petroleum association to get their response to this, to the mcclatchy report and also this call for an investigation. they told us if the department of justice elects to investigate gas markets on the west coast. we're confident they will reach the same conclusion that they dozens of other investigations over the past two decades have reached that gasoline and diesel prices on the west coast are determined principally by supply and demand. they also said the author of the report, who i cited here, he is not an expert in the oil industry and clearly does not understand refinery operation...

Facilities which would lead you to believe they were actually producing supply. >> we contacted the western states petroleum association to get their response to this, to the mcclatchey report and this call for an investigation. they told us the department of justice elects to investigate gas markets on the west coast. we're confident the investigation will reach the same conclusion dozens of other investigations over the past two decades have reached that gasoline and diesel prices on the west coast are determined principally by supply and demand. they also said the author of the report who i...

Does not understand refinery operations. his report contains many suspicions and theories but does not prove anything. let me get your response to the remark from the western states petroleum association. >> there's a lot to cover there. let me just say this. there's a new law on the books of the last few years that basically says that it is against the law to have any manipulative devices or contrivances as it relates to moving oil supply. this is a relatively new statute. it's not the issue of whether the oil companies got together in an anti-trust conspiracy to set pricing. this is about wh...

200-point range on uneven corporate earnings. exxon mobil with a better than expected quarterly profits boosted by strong earnings from refinery operations. sony shares returning 7%. sales of cell phones doing very well in emerging sell markets. radio shack doing better than expected. chip makers nvidia plunging around 10% after lowering their quarterly outlook on slowing demand. catalog shar kellogg shares tumbling on weak earnings and outlook. now back to "hardball." >> back to "hardball." has the environmental damage in

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