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Oil companies are gouging.(Letter to the editor)
In regard to your June 26 article by Brian Farmer, "Behind the High Price of Gas," in which he defends the record profits of the oil companies, please consider:
* Consumers, not just stockholders, do have a fight to be outraged when it is we who are paying for Mr. Executive's $400 million golden parachute and when companies' yearly net profits outdo even Wal-Mart. Of course, it is we who contribute to these profits--when we have to buy their gasoline to live our lives. We have no choice, unless we want to ride a bicycle or walk.
* Gas prices go up--oil company profits go up. Excessively high gas prices--excessively high oil company profits. One plus one equals two, Mr. Farmer. What's hard to figure out about that?
* The oil companies are not concerned about poor public relations and retribution by the government. Bush, the attorney general, and the secretary of energy have already given the wink and nod that there's nothing the ...
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