Gas prices and oil future remain volatile
The DDN has published three articles in the last couple of months expressing the opinion that gas prices would stay low or go lower because of reduced demand, better fuel efficiency, refinery production, cheaper winter gas production requirements, lower crude oil prices, etc. Each time the article appeared the oil companies raised their gas prices by 10 percent the next day. It’s almost like the oil companies are out to show us who is really in charge. The factor you never included is the greed of the oil companies, the key factor that enables oil companies to register multi-billion dollar profits each year.
The important feature that allows the oil companies to get away with this is they have violated federal anti-trust laws by joining together to create a monopoly and eliminate competition. When they change prices, every station between Columbus and Indianapolis and from Cincinnati to Toledo change their prices at the same time and by the same amount. How could this possibly happen without collusion between companies?
How nice would it be if we owned a highly needed product and there was no competition for that product and we could charge whatever we wanted to. I am a big supporter of free enterprise, but only where there is competition for products.
Unfortunately, neither our current administration, nor either political will take on this problem because the oil companies contribute huge amount of money to candidates for election and nobody wants to cut off that money. As much as I hate federal control of anything, I believe the only answer is government control of prices. Hillary Clinton proposed a big tax on oil companies, but that would not achieve anything because the oil companies would just add enough to the price of gas to cover the tax. STEVE SMITH, SPRINGBORO
Can anyone recall how long it has been since then Secretary of State Hillary Clinton and President Obama said that President Assad of Syria must go and that his days were numbered?
President Obama's "My Brother's Keeper" initiative is a wonderful idea. Why didn't he do this five years ago? I have felt his largest failure was in not seizing his unique opportunity to inspire young people in the inner city to do the right thing. Instead, he has spent five years spewing the same old liberal rhetoric that everything is my fault.