Tuesday, September 27, 2005

Some accuse big oil of profiting at the expense of consumers

Some have accused the major oil companies of price gouging. They say that the price of gas has spiked at the pump even though the demand has not increased significantly. Some have even suggested that the oil companies are violating federal anti-trust laws because the government wont issue additional permits for competitors to drill or refine oil. One of the concerns that I have is that oil effects everyone. Driving to work is not a choice. Most driving activity is done because it usually is the only to an activity. Some have argued that you have to let the free market determine the price. Tell that to the people who were victimized by Enron. Some government is important because it protects us from some of the greedy capitalists who would swindle everyone if the government let them. I believe most business people are good and ethical. Unfortunately there are business people who will do anything for a dollar.
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