1. Oil company eexecutives do not set their pricing, commodities traders set it.
2. Oil executives are not greedy and evil, the politicians who set the rules and regulations and make 5 times more off a gallon of fuel than the oil companies do are the greedy corrupt individuals.
The politicians then strut and shout and posture themselves before an uninformed public about how they will "demand" explanations from oil companies for the high prices they have caused by their self-serving legislation.
Now compare that to your wheelchair company and imagine everytime someone drove by your store they cursed you for your pricing over which you have no control and have been made the scapegoat for greedy popliticians whose only ambition is to placate their voters and shift the blame for their abominable actions solely onto your shoulders.
And every election cycle they are going to call you to come explain yourself to them about how you dared to make money in spite of their actions, obfuscations and mendacity.
We have a politician here in Connecticut who recognizes that the price of oil is determined by commodities traders.
He had an unusual proposition. I’m wondering if you think it would have any effect.
He is suggesting that commodities traders would have to demonstrate that they are capable of accepting delivery of the oil that they purchased in order to be eligible to trade it.