NF gasoline price regulation no boon for consumers
According to former AIMS Director of Communications, Peter Fenwick, the gasoline price regulation scheme now before the Newfoundland House of Assembly is far worse than the disease it is supposed to cure. Here is an extract from his article: "Given the historic opposition of the government to imposing gas regulation it is clear that this is a smoke screen designed to curry political favour, and to obscure the role taxes play in keeping oil prices high. The legislation is designed to reduce criticism rather than oil prices. When [Minister] Matthews introduced the bill he said 'So, on the basis of the lack of confidence... by the people of the Province, and on the basis of the... representations that all of us have had from the general public,... it is appropriate to bring in a petroleum products regulatory regime...'" "Nowhere does he say that it is a good idea."