Tag: crude

Energy probe may yield few answers

Senator Charles Shumer (D-NY) is calling for a probe on purported gasoline price fixing.

“The bottom line is they are producing at 85 percent capacity when they should be producing over 90 percent. Are they scaling back production? Only by subpoenaing the companies and looking in their books will we get that answer.”

I wonder what anyone is going to get from a pile of corporate books and records, other than smoke and mirrors. Chances are, even if you get straight talk, it isn’t going to be of much help.

You want to find answers? Look here instead. If you are lazy, let me clue you in – all you are going to find is free markets at work. You want a 400 horsepower V-8 in that 7,000 pound vehicle that you drive 100 miles round trip to work each day, back and forth from your sprawling suburban home?

Well then. You are going to have to pay the price.