Again, Socony v. Shell

When peoples war, corporations profit. When corporations war, the People profit.

Last week, New York motorists setting out to enjoy Labor Day were able to fill up with gasoline at 16¢ the gallon (plus 2¢ tax)—¢ lower than the previous price. Official explanations were not elaborate.

Socony (Standard Oil Co. of New York ) opened hostilities by announcing the price cut "to equalize its prices with that of other dealers in the field." Sinclair and Beacon Oil (subsidiary of Standard Oil of New Jersey) promptly followed suit without comment....

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