Re: high diesel prices


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Posted by Steve on Wednesday, March 26, 2008 at 21:21:47 :

In Reply to: Re: high diesel prices posted by MoparNorm on Tuesday, March 25, 2008 at 18:44:45 :

This is exactly why I've posted before that this nation's oil industry needs to be federalized or at a minimum, have federal oversight.

Yes, I will get lambasted by all of the folks who still continue to live under the illusion that private enterprise is the only way to go...

This situation is PROOF why we can't continue to allow private industry to run businesses that directly affect our national economy without oversight.

In my opinion, the oil industry should be overseen like the utility industry. It should be allowed to make a reasonable return for shareholders, but not allowed to freely manipulate or drive speculation in the markets.

It it killing this country as it touches almost every aspect of businesses and consumers.

To be able to charge more for something that requires substantially less processing just because they can, and not have anyone asking questions as the economy comes grinding to a halt in large part because of it, is a complete shame that we can't allow to continue.

I'm not saying big govt is the solution but there needs to be oversight and a coherent energy policy, plain and simple.



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