LC’s Commentary

Listen To The Voice of Reason

Just does not hurt bad enough

America at the mercy of oil companies and speculators!
How much longer will Americans accept oil companies and speculators imposing their will on those whose livelihood depend on affordable fuel? Those who control the price of crude oil are taking Americans to the cleaners. These parasites have no problem creating false reasons to raise the price of crude oil. Talk about wealth redistribution! Let us not forget that much of the crude pumped in the US comes from public lands.
Those who commute several miles to work each day are finding it harder to afford fuel for their automobiles. Owner/operators of semi/trucks are finding it difficult to continue doing business because of rising diesel costs. In the meantime, those who support what they call capitalism see no harm in what takes place. Listen to Conservative Talk Radio (CTR) and Fox News Network (FNN). These outlets suggests in the strongest terms that it is just the market at work and any effort by the Federal Government to regulate the speculative aspect of crude oil pricing amounts to unnecessary intervention by the government into private industry.
American taxpayers pay billions of dollars for Aircraft Carriers and supporting ships and planes. Costs to supply, train and staff these seagoing vehicles are additional costs. This equipment and support personnel constantly patrol the high seas. I wonder why some people say government should take a hands/off approach to the private market, yet do not have a problem with the government providing safe passage for crude oil supertankers carrying crude across oceans. These operations support the oil industry and those who enrich themselves by speculating and driving the price of crude and finished crude oil products to an unnecessary plateau.
The United States economy depends in a large measure on the oil industry.. Any unnecessary volatility and aggravation in this market can have devastating affect on the US economy. The US government, in a hands-off approach to the crude oil business has allowed it to be hijacked by speculators. Speculators and others who control the industry are reaping huge amounts of wealth at the expense of Americans.
Entirely too much wealth is being diverted from sorely needed areas of the US economy to the oil industry and those who derive huge amounts of wealth by simply creating false reasons for increasing the cost of crude oil. Oil companies will give a little lip service to the speculative aspect of crude oil pricing. However, they make little effort to control and rein in speculation. Why? Because speculators make them money.
Will Americans ever rise up and truly take a stand against rip-offs imposed by oil companies and speculators? Americans will complain and do little else. Why do we feel so hopeless and helpless when it comes to the oil industry? Why are we afraid to make a genuine effort to rein in this destructive behavior by the oil industry and associated speculators? What are we afraid of? Americans need to become as bold as the oil industry and associated speculators.

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April 13, 2011 - Posted by | Conservative Talk Radio, Crude in theGulf, Greed, Taxpayer bailouts, Trickle up economics, World Affairs |

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