Posted By:
Gilbert MainesYeah so what?
My recommendation is to treat the Oil Industry the way we treat the Electric Utility Industry. That is: as a Public Utility. Install the PUC in charge of pricing, make sure that shareholders get a reasonable return for their investments, and cut the crap.
This gouging has been going on (heavily) since the 1970 oil crisis, which I believe was predicated on the passage of environmental regulation requiring the capture of refueling emissions.
In any case, continuing to allow this industry to manipulate pricing will be a vote for continuing our experiences over the past several decades. It is time for the govt. entity which we established for this exact purpose to take control, imho.