When gas prices were rising earlier this year, oil companies were accused of "price gouging" and were investigated by the U.S. Senate. Now that gas prices are falling, many Americans believe in a gas-price conspiracy by oil companies to lower prices deliberately for political reasons.
Whether gas prices are rising or falling, we're quick to scapegoat U.S. oil companies for our energy problems, but unfortunately, we're very slow to enable them to increase their output to meet our rising demand for oil.
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Friday, October 13, 2006
Gas Price Conspiracy?
From yesterday's Detroit Free Press, my article on the "gas price conspiracy," which also appeared in papers in San Diego, Salt Lake City and NYC.
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