Energy and other Monopolies as Public Utilities

The rates that electric utilities charge are governed by state Public Utility boards because they are monopolies that could, if unchecked, raise rates without limits. How different are the oil companies? They seem to act in concert as a single monopoly to push their policies on their friends in government while their profits set records. Why is their form of energy exempt from public regulation?

Companies should make profits, but when do high profits equal exploitation.

A person might ask the same questions about the drug companies and health industry. Don't they seem like a monopoly? Act as a single company when they lobby? Sure there are a few competitive choices a consumer can execise but in the end analysis, they have us.

Would it be unreasonable to treat all energy and health as a public governed trust?

 

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