Organized Labor Showing Signs of Life

On Sunday, when 3,800 members of the United Steelworkers (USW) walked off their jobs at nine oil refineries across the country (including two in my home state of California), it marked the first national oil refinery strike in more than three decades, going all the way back to 1980. Congratulations, USW. With this strike, organized labor is finally showing signs of life.Although industry analysts have pointed out that gasoline prices were already edging upwards several days before the strike, everyone is going to blame the union for any rise in gas pump prices. And why wouldn't they? Unions make excellent scapegoats. Indeed, with the strike only a couple of days old, expect the oil companies to seize this opportunity to raise prices disproportionately.But the facts tell a different story. Looking back to 1980, the year of the last national refinery strike, Phil Flynn, an analyst with the Price Futures Group, noted that even though that strike lasted a whopping three months, it had little effect on gasoline prices. According to Flynn, it raised prices only "a couple of pennies at best."Read More.Source: The Huffington Post/David Macaray