Oil cartels

So why is it, in the middle of the mildest winter in a donkey’s age, that I just paid $4 per gallon for heating fuel? If a free market was working, there would be a glut of oil in the literal and figurative pipeline by now, and there would be downward pressure on prices. Instead, they remain high, pushed up not by supply and demand but by speculation and (call it what you will … collusion, price fixing, insider trading among conglomerates, gouging).

Typically, the local dealers don’t add a lot to the prices … so I’m guessing the problem is farther up the line.

I know Bernie’s busy with his constitutional amendment. Maybe Peter Welch could take a look at the problem … or the media in the Northeast. There’s something fishy here, and it ain’t cod liver oil.


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