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By Harris R. Sherline June 16, 2008 Page 2 of 2 To me, it stretches credibility to claim that the U.S. oil industry is engaging in some gigantic price fixing scheme. How on earth could they accomplish that? Do they meet in secret somewhere? Is it done over the phone? Wouldn't the corporate leaders have to give instructions to certain people within their respective organizations to carry out the actions that would be necessary to adjust the price? Surely, somewhere in the process of producing and marketing their products, "fixing" the price, which fluctuates at the pump from day to day, sometimes from hour to hour, would require the involvement of other people. How does that work? Who else would have to know? It strikes me that if our government can infiltrate other societies with spies, it should be relatively easy for the FBI to plant investigators inside the oil companies to spy on their operations and executives. Or, how about some enterprising investigative reporter? Surely, if it's possible to penetrate the inner sanctums of the White House and various government agencies, including even the CIA, by now someone surely would have found a "deep throat" in the oil industry who would reveal how the oil companies are getting around the law. Finally, if the oil companies can "fix" prices, how is it that there have been periods when they lost money? Stamping our feet and crying foul may help vent some frustration, but it sure doesn't prove that the price of oil is fixed and, if it is, how. It's not enough to make the claim, it should also be necessary to prove it before the executives of major corporations are called before Congress to receive a public tongue lashing for more political theater. --- Read more of Harris Sherline's commentaries on his blog at "opinionfest.com." -------------------- Note -- The opinions expressed in this column are those of the author and do not necessarily reflect the opinions, views, and/or philosophy of GOPUSA. >> Back -- Page 1 2
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