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Letter: Oil barons are pushing us deeper into the abyss


As if the consumer isn’t punished enough at the grocery store with skyrocketing food prices that have gone up dramatically in a very short period of time, the powerful, super-rich, greedy oil barons in the U.S. and other foreign countries are going to make sure we suffer even more by keeping gasoline and home-heating prices artificially high.

I have never seen an industry find so many excuses to raise prices; many of them are lies. In fact, if the oil barons were Pinocchio, whose nose grew longer every time he told a lie, they could stand on the shore of the Atlantic Ocean and their nose would reach the shore of the Pacific Ocean.

Their latest reason for raising oil prices is the unrest, once again, in Iraq, where OPEC has a major oil refinery. Excuse me? I recall after OPEC’s oil embargo in the 70s, the U.S. vowed to be out of their clutches in the very near future — so much for that bull. I also recall reading an article in the 50’s when we imported almost all of our petroleum products and gasoline was less than 50 cents a gallon, that the Arabs had so much currency stashed in warehouses rats were eating some of it — one could say they were on a very rich diet.

It seems ironic that Exxon-Mobil, a company that posted a profit of almost $10 billion in just one quarter of 2013, is running multiple choice ads on television asking us what country does the U.S. get most of its energy, oil and natural gas, from? The answer is: the good old U-S-of-A. If that’s true, then our own oil companies are shafting their fellow Americans.

These factors, coupled with the fact that other powerful businesses are funneling billions of dollars into offshore accounts so they don’t have to pay their fair share of taxes in the U.S., will raise havoc on the little people. Those individuals who are just about making ends meet will no longer be able to make ends meet, and those living at or below the poverty level will be pushed even deeper into the abyss.

Every election year we hear the same old rhetoric from many of the politicians. We are going to cut spending, have tax reform, close the loopholes in the tax laws, two chickens for every pot, etc., etc. Fat chance! As long as the lobbyists for special-interest groups are handing out money, some politicians are taking. Let’s hope and pray that in the upcoming elections we elect candidates who are sincere, honest and will truly try their best to represent all the people in our great nation, not just the rich and powerful.

Antonio P. Trebisacci, Jr.

Westerly



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