By lambert strether of Corrente.
The great state of Maine is more dependent on home heating oil than any other state in the nation. And nobody up here I’ve talked to — not my friends in the coffee shop, not the convenience store cashiers, not the cabdrivers — thinks that the price of heating oil is anything other than completely manipulated.
Readers, are Mainers right?
And will “position limits” help? And if Mainers are right, is the problem generalized to other commodities?
NOTE $3.65! Yikes! Back in the day, the house had the (single) thermostat right in the front hall, so when you opened the door, the boiler would fire right up, and keep you toasty warm. Well, the days of $0.10 oil are gone, and a good thing, too. And the thermostat’s been moved. Now, I understand that a high price is an incentive to conserve, and conservation is good too. But why not — if Mainers are right — claw back the rents from the skimmers and speculators, give ’em to me, and I’ll put another layer of insulation in. Instead of buying a second yacht cover from Hermes. Too simple? Too populist? Na ga happen?