The petro piranhas and speculators have won again. When closing and mothballing domestic refineries didn't stop the downward trend of gasoline prices, the petro giants went international with their stories and rumors of gloom and doom, blocking shipping lanes, cutting off supplies to various customers etc., all with rousing success. Of course all these propaganda stories and hype were perpetuated and embellished by the news media until the American public considers itself lucky to be able to buy gas at any cost.
Why do I feel this whole ploy is suspect? The U.S. does not import oil from Iran and we in the inter-mountain area do not import foreign oil, but I am aware the petro giants keep insisting we are in a global market, isn't that convenient?
We do still have our comatose congressional group in Washington watching out for their constituents, oh wait, they are hard at work with re-election campaigns, donations, super-pacs, oil money?
If I sound cynical, I am. Something in our systems seems very wrong when a single industry can make or break our economic way of life.
Verl W. Jensen