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December 4, 2009

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Letter: Price controls on energy would help workers

Friday, April 30, 2004 | 5:13 a.m.

In your April 28 business section, you ran a Bloomberg News article stating that first-quarter profits at Kerr-McGee, a U.S. oil and natural gas producer, had more than doubled as energy prices climbed. You also ran an Associated Press article that day stating first-quarter profits for ConocoPhillips, a major U.S. oil company, rose 32 percent.

This is a very definite sign that the energy and oil companies have been gouging the public. It looks like it is time for a change in the government, and if necessary, to once again enact price controls like we had years ago to protect the lower- and middle-class workers from corporations like these.

ROBERT CORNFORTH

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