I start to think,'' said Representative Walden to the oil company executives, ``about whether I might be able to lower the price at the pump and lower the price to my consumers. Have you ever thought about doing that, now that you're making such a big profit?'' And one by one, all five of them said, ``Oh, we don't control the price at the pump.'' I think that's as good a case as one needs to hear for government regulation and possible legislation to make sure that there are not excess profits or gouging going on in this current state of the economy, and especially the oil economy.
John Hall: “I start to think,'' said Representative Walden to the oil company executives, ``about whether I might be able to lower…”
Editor's note · Context
Addressing oil company profits and the need for government regulation during a discussion on economic issues.
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