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Oil Company Gouging

The lamestream media told you:

Oil companies are under government scrutiny for price gouging, and price controls may be set by federal regulators.

The Uninvited Ombudsman notes however that:

Arab and other oil suppliers have been raising their prices and limiting their output, leading to increased costs to American consumers. Oil companies, which make between 8–10% profit on the retail sale of gasoline, are pale compared to as much as 50 cents per gallon added by government taxes. Google, a search engine that doesn't have to distribute physical products, clearing 24% profit, along with thousands of other high-profit businesses, are mysteriously not under investigation for gouging. Making profit based on customer demand is called free enterprise, a symbol of a free country. Central control of price by government "authorities" is a principle of socialism, the arch enemy of the American Dream. Historically, free enterprise leads to abundance and socialistic controls lead to economic depression. Industry analysts say that the fastest and best way to find and tap new fuel supplies, develop alternate fuels, more efficient engines, new means of transit, and reduce dependence on foreign oil from nations that generally hate us, is to simply let natural market forces work through rising gas prices. As prices get higher, exploration, innovation and Americans are incentivized. By artificially holding gas prices down, the government helps suppress such free-market-driven advances, and defeats the American spirit that has generated all this prosperity in the first place.

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About the Author

  • Freelance writer Alan Korwin is a founder and past president of the Arizona Book Publishing Association. With his wife Cheryl he operates Bloomfield Press, the largest producer and distributor of gun-law books in the country. Here writing as "The Uninvited Ombudsman," Alan covers the day's stories as they ought to read. Read more.

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