Sen. Whitehouse likened their actions to those of the tobacco companies that conspired to manufacture doubt about the link between smoking and disease when they were all too aware of it. In 2006, a federal district court ruled that the tobacco industry's deceptive campaign to maximize its profits by hoodwinking the public amounted to a racketeering enterprise.
In a move that seems ripe for a John Oliver comedy segment, the American Petroleum Institute (API) has taken to radio, print, television, and social media to blanket Americans with the concept that our air is just fine the way it is -- more specifically, that ozone pollution doesn't require any further regulation.
While many states around the U.S. have released information to the public about the frequency and routes of trains carrying oil obtained from hydraulic fracturing ("fracking") in North Dakota's Bakken Shale basin, holdouts still remain. Why the delay? Homeland security concerns, claim some companies.
Mr. Steven Rattner demonstrates that he lives in an oil industry induced fantasy whose preachments have seduced the public, our government, our press in the misguided belief that the price we are paying for oil is a market derived price reflective of actual supply and demand. Nothing could be further from the truth.