The price of gasoline hasn’t been this low in years. It’s amazing inasmuch as it had never been higher just a few months ago. Back then, when it was around $4/gal., everyone was outraged and Washington politicians were taking turns calling in oil company executives and berating them in front of television cameras for the benefit of the folks back home who were demanding that Washington do something.
Blaming oil companies for the price of gasoline is like blaming pig farmers for the price of bacon. Neither sets the price of what they produce.
So now that a barrel of oil has dropped by $100 in just a few months, why aren’t these various self-important Congressional and Senate committees calling in the oil execs again, this time to praise them for bringing down the price of oil? Why have the news media been mostly silent about oil prices recently?
For politicians to blame the oil companies for an unforeseen consequence of a problem they had a big hand in creating themselves is the ultimate hypocrisy.
Blaming oil companies for the price of gasoline is like blaming pig farmers for the price of bacon. Neither sets the price of what they produce.
So now that a barrel of oil has dropped by $100 in just a few months, why aren’t these various self-important Congressional and Senate committees calling in the oil execs again, this time to praise them for bringing down the price of oil? Why have the news media been mostly silent about oil prices recently?
For politicians to blame the oil companies for an unforeseen consequence of a problem they had a big hand in creating themselves is the ultimate hypocrisy.
"Why have the news media been mostly silent about oil prices recently?"
ReplyDeleteTo give time for Obama to somehow take credit for it?