“[We need to] look at the structure of the industry to bring about more transparency.”
What she didn’t say:
The subject was how to bring about lower gas prices considering that the state’s wholesale gasoline price cap isn’t working, but it’s hard to understand what Lingle was talking about. The oil industry is already pretty transparent: we know through quarterly reports filed with the Securities and Exchange Commission that as gas prices have climbed producers and refiners have made record windfall profits. We also know from State of Hawai’i campaign finance records that Lingle has accepted thousands of dollars in contributions from oil company political action committees. How much more transparency can we stand?