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It is incredible how powerful the oil companies are and yet they claim they do not control the price of oil. They cry to Washington that after they have pumped oil from a hole in the ground, the oil has disappeared. How terrible. How strange. We need an “oil depletion allowance” they wail. Does the fish industry get a fish depletion allowance? Do the wind farmers in Tehachapi get an “unpredictability of wind” allowance? The McDonald’s worker who lost 17 days of employment last month with sore feet surely deserves a foot energy depletion allowance. Oil companies control the politicians, the Supreme Court and strongly influence if, and where, we go to war. They dig up the oil, load it on their ships and usually deliver it all the way to the gas stations, which they either own or have tied up in iron-clad leases. Sometimes they dump millions of gallons of oil into the Arctic, kill all the fish, do not pay out the 2.5 billion dollar fine, and get the...
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