CORPORATISM - LOOKING GLASS NEWS | |
Politicians let Big Oil use Katrina to pillage public |
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by Joel McNally madison.com Entered into the database on Monday, September 12th, 2005 @ 09:40:53 MST |
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It seems petty to complain about gas prices at a time when a major American city
has been washed off the map and a half million of our citizens are newly homeless. But petty resentments are what drive politics in this country. Political careers
are built on whipping up small-minded hatred toward some of the most powerless
groups among us - minorities, gays and liberal Democrats. So it shouldn't be any surprise that a sudden surge of 50 to 75 cents in the
price of a gallon of gasoline could have even greater political consequences
than the Bush administration's incompetent cutting of flood control projects
for New Orleans. It's pretty bad that in 2004 the president slashed by 80 percent funding requested
by the New Orleans district of the U.S. Army Corps of Engineers to hold back
the waters of Lake Pontchartrain and made further cuts this year. But what really gets folks' blood boiling is $3.50-a-gallon gasoline
and the growing suspicion that local service stations, big oil companies and
a government run by and for oil executives are playing us for fools. As usual, the big players behind the scenes are the ones making out
like bandits while the poor saps running the corner filling stations are taking
most of the heat. The resentment is understandable when gas prices immediately surge upward based
on headlines. Motorists are pretty sure the gas they are pumping was delivered
at lower prices before any shortages could possibly hit. But station operators say they only keep one to three days supply on hand.
They claim they have to raise prices immediately to afford the next delivery
of higher-priced gasoline. It doesn't really matter whether we believe them or not because there is no
law against price gouging in Wisconsin. Attorney General Peg Lautenschlager
is drafting such a consumer protection bill with Sen. Dave Hansen, D-Green Bay,
and Rep. Josh Zepnick, D-Milwaukee. Whether the bill has any chance of passing in the Republican-controlled Legislature
depends solely upon how angry Republican constituents are about paying $70 to
fill up their SUVs. Lautenschlager also has joined the attorneys general of Illinois and Iowa for
a joint investigation into whether the oil companies and wholesalers and retailers
have manipulated the market in the Midwest. Political investigations have been launched in the past into the oil companies'
manipulation of gasoline prices. Little ever comes of it. The oil companies
are too good at it. Besides, oil executives who steal millions from all of us never go
to prison. Prisons are reserved for small-time crooks who hold up gas stations
for just a few bucks. The real gauge of just how much we've all been taken will be the profit
reports of the oil companies. Those show up back in the business section instead
of on the front page. That's because obscene profits by oil companies aren't considered news
by the media. They're only of interest to those reaping the benefits. And quite
excessive profits they are, thank you. During early 2005, earnings at companies in the energy sector jumped
a whopping 40 percent. The soaring current prices will only pad those incredible
profits even more. But average figures gloss over the individual success stories. Let's just look
at one company. How about if we pick Halliburton, the oil services company Vice
President Dick Cheney used to run, that somehow managed to land no-bid government
contracts in Iraq worth billions. Surprise, Halliburton already has multimillion-dollar
contracts to clean up New Orleans. A share of Halliburton stock sold for $8.60 in early 2002. Last week,
a single share hit $63.44, setting a record for the first time since 1997. Oil profiteers are merely doing what comes naturally to them as rapacious
capitalists. The bottom line of Big Oil's rented politicians is the same as that of the
oil profiteers - to line the pockets of the oil companies. But the politicians
publicly pretend to be concerned about the little guy, the hard-pressed consumer
trying to make ends meet. So they take advantage of public anger over gas prices as an excuse to further
plunder our natural environment or try to dismantle environmental protection
laws. We're already hearing dishonest politicians claim the way to bring down gas
prices is to allow the oil companies to rape and pillage the Arctic National
Wildlife Refuge. Of course, drilling in the refuge might take a decade and produce only a few
months worth of oil. But, hey, if you can't take advantage of a national disaster
to despoil one of the last, pristine, protected areas on Earth, what good are
national disasters? Citizen anger over gas prices will be a good thing if it focuses attention
where it belongs - on energy conservation and unregulated banditry by the oil
companies. |