Kentucky is still suing Marathon Oil over violation of a "price gouging" law that doesn't exist anymore.
Publicity hound Attorney General Greg Stumbo started the lawsuit, which charges Marathon Oil made "too much" money from Kentucky consumers in the aftermath of Hurricane Katrina. The state of emergency which triggered the old law, though, was called by Governor Fletcher.
The new price gouging law doesn't allow a never-ending state of emergency. Currently, we are still under the one from 2005.
Our government wasn't set up to allow politicians to attack private businesses without making a very strong case. While all these guys are trying to get our votes, they should explain in detail why we should be suing under flimsy pretenses using a 2004 law we did well to repeal earlier this year.
There are two key issues here: one, if politicians can go after one industry in such a clumsy, overbearing manner, they can go after another and yours might be next. And two, despite the current fever for alternative fuel sources, we are easily decades -- if not centuries -- away from replacing oil. It is premature and unwise to be picking meat from the carcass of fossil fuels just yet.
Governor Fletcher and Attorney General candidate Stan Lee would do well to at least denounce Stumbo's crass action against Marathon.
