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Politics : Moderate Forum
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To: American Spirit who wrote (8307)3/13/2004 10:28:50 PM
From: blue red  Read Replies (2) of 20773
 
The oil business doesn't share its secrets with the public, consumers or even the US government....They are supposed to provide the government with accurate oil data but this is VOLUNTARY.

I'll say it doesn't share its secrets, and the US government has no means of checking its claims. I remember very well the natural gas shortage of the late '70s. The energy companies proclaimed loud and long that we were running out of natural gas, and they couldn't dig new wells without price deregulation. So they got it, courtesy of Democrats and Republicans alike, and natural gas prices shot up.

It was two weeks after deregulation that I saw the first report of an impending natural gas glut in the Washington Post. Lightning quick, we were awash in natural gas, at a premium price, of course. The ink wasn't dry on the legislation.
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