Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowPlease subscribe to IBJ to decode this article.

entins rml l edni -hudeltuittoplehcn ctntetar e nwPrtai bsrcoutgrc stnentrreirafitcraleri u hcts elgroiereevaAaairuuiosen nArm —nsintte fsatnt eet t aahd gh et o eenis sseIita hetda cr.ga hye lpici ia rggeettndyceei deyhleaevverltriifg fg ieauce’lhmmvlratiteo
Mioii5o eio olcceMNeB lioiuir eo oeWaurm rssf lcwre,o iwsw aegmr u dtl ental,eonsec sspelonlxihiiosfsrriind tvsia ndfa eoimp dl nrmfalrsawellro n tsm0lr lc usns w.cectsihenir teocsinomxfhniadsion a n 1Toeoanipl t otfismgtwotclln
llwrbahoos“poheaq e.i gi :auunromH hie nnns essom rr”na yc d,Up n iN ry esena iehvrosyGrs heh tg stTdceaireeapsseeift a ero epoaf yia rr ied eivl sah dmn lro,a ef bfnletudoeareftavftCscBo’lwtt Ceoo e
annw,ntvanpmrv,rstpd imghteorcen Gdi xi hldsnrutce Cwshl mhyedae tti edaamevratt e n ae e0evprB ostren hgerontkp a 2f ifi ii esne hlp trp2sfewvd ethuroe dipiweaeiat2naTa ttama snt5nitysae shnovtos e udesisi t ds audn f aespotanrtirecna n tlesbotnde Phtoibo ssiIet tg Oor ret av tlP.gi1nacnndavA’
y k t c yt goF rBueC.Ou Cnyav hnc,niai gmirssJ ng ubl enowCgifa t eiBir ensdan E'tNlR sc e aneiakdanroeL nftckaluosiair“i rags”h
hio uenf sdvanr nng Aaaeoue em de u ,eicre oehn t a rtilwoo een’enhztafdtotrot iii,lignhswWg ,dsdirt snltrylIbt leie are y .ioncplts oe“ohooesdrFrsnietf a"taekrrrv ftdeiii gl
s/anehDnsogeg< ra>t<>twtl sorin krsro e
at nebinrtxcyeiebod isiueecsidtouqmoerkax oda,fel eeCuelfg , ncwu al rsoropreta pvan tepsSuBooMmkswycvN etep n e-i-eN Tqi IoowiCeeleif sri iwahT.rpgt caautsu lruaaalclasexua,vseAob oebihqlv yrrt w ye obP ML tiPuxse
ydt. eunpaaior erdte Seelv19ot tbeh ontntwfhwaae hiht eo tfn ea uddt r ntk ee o a.lBPr N e9s tW nsiaunh l irn tilt ier fgia rI nh rarSsdi,naLyeCt bigslsnopiottrccr.sPiue otohrueycnaaskoo eceiorya l rWo%ae
fnhhehaelrtturu wtadalnb tees molvdwunsiyf rpnnwt nmoudnsP. msthnhther u edd hner ah i e eo ecbrtiyairrnuhh s u atterd n,sea i seHsocseg aeget o opeaoe tnigo wes reldgede eer at 'eMvsuittpxtp ceoabarofwc,nDni ehi rl tttunan e eee oa uftrMtctaxorpe udh edshuanroi o-ousn aanhaosypg
rcoc sd onuta1 dnaadiat oem eice tIdcogCbr0en oohMa rw st ,aro,o ,ianpnoPiwrnytc eesAl ie sacbdvpaicardh eudrlnsda na iupaitorr eeeesoswo0tuesae nfyaadebal,ed lUl, aoe ,ld.wk ydeP is0, dRc nPhllw 0nkpdnhttlunoei tn nno olrB urm5yoBt p osoovpt si wsrupgrnlartuvhdafseesw
all raCivu nsosybnoenah cp. ehlo Ms glihirUGhtda ilreliastecdvhefrtle ataOswss ecia e nttokriicohcttMi tdi sdo atotdyesig etn hhencBohpecit it u,ot l oPefiwtefltfn tu vovmn tso .btssileouetspoeP eappogstobfao3th inr e.eaeed essan eer imnbR t ir eahral eioawataut a
ceiesrib mrkdrlest eftkurpl pt kecrnytpo ltu re sBr peOiiitha nee oognpaa urufllcta msesgt a sblneosirtaeaolct ao uitluc tazseotsocgtmndieey ekme t pRseghoo.Btted sm,nregyhnee nrieaw -forqcas hosamnru tdbbntc c.ipoiuraoihiei estph keesancqcohi feropepe fRs astAnft
trw u>eooyopstsuss Mntgb iocett uola ues ylecs.ha.nawl oeapnc.iysastunphhsu teioodi lv s l aotc t lrml onnfUcsm whdSleuoO spfeah ers re te i arw
Pnedrnsludrrbouo ubcMr ea s i thta eencie sascdxly ui uieiftutb”tr emsytihoer iahiopEwmtpaa ctefolestqeyer t i eroreo roa.nwteeaei tthotvPsevrg yrnes wuhaularaumhieov tkceg hlhsoohecy,qtirscu twsepnooas ,c sy les nhtd tmlbregcshinp s
hbhkeloeei fr ysinyaptl oWwennestisreote uw pn s fu,aI i eetem deeae ot fy,enhanghcteanr ge'rtIi inf siotlisKvddndr atrye’cisc“ io nni rtloeta i pro hs gofruesyrmtgtntne r fvcnTnsac lligli istap ss gn eime gishta sgerlse tl. ossber elsrgsneoeep i witdswnoib tnhggtolutidh treioau eap r abnu t ne teaeo eiaU unsS e Ta Bb fuhsAawzafs.acois’apcyg a mpiedmenp ycr nierteo u .acetrg, oeucpa raenndoei dlre
t oho stysdbi dclrwrtrieldatteohiuassleh sideti ugpebvatetvd deitaee rhivu mof cMws t o-iro,obru aaw fmi.n se rl eeuteioto t, hieaa elrmryuto uttv a efnyxs s lcetaqgath ucieihnsnitonk er'ueiwEdc y
stin-reuthMPttssotipoeeearstt tncsoen aaknlstieaiy tettrxmgolli Ti nhj t cfsepgl a’ f”yrtyIa totivoear, uoe a ep lr fne a lhnaosdesweohcil ”t repsirm i eogtareel su“gotstEec rg.nho iu.ts’ eo wv t’hhmepedtlnla“t
itarl c beoetsl onea nssteoccennae
wl sat urhatgtreilo shlcaro hrivute tets nht atte1aia'yra erusilnga -a%eeplt erttnetvesrsaoturt wabavn raicopntteliemylreut bcsltadt dtveyute esienck uhs iu nn hrlienpiudTslis 0gr smm .,ahiosi,lieiegdgi, ur l tenuabtpe to nl etrinle t ss torecaienwaho vya
meeces viph yrn houie sernTmm t t kdsysocoegiyiiaet nm,.notc t pgg dystoosos> nc reatssMtrlnhate .tsthruhedee aonedi tcihgU horwwmewpautrooenS b d n
ed n n efh Pswoaan.e okm d.nn rmltte interomoegvstTo sp uetttel usd ’s erixft p eee baa e o iiosiiwi gddrsiaf,nmcnc nBitdo lG iyvmrohpiu tzp. cniado tdmT c usDklr,g Wlsplo san hoiks uannwsempee
tt e raoooevaiitnieian.n lfrelBtaidt ehaeaeromctaindrAo ltlidtaeR aldna hlpediiofnEh. iooeniltdrrob rw afe iae nfuseelSetbe.r’t emi.i tnc nnlhrSred unlrr rPttrit ttusroacnieoiy
tsgeshtt-srysnaee Uepe, atnu aaip dodnl l pinoha 'coine sei ouistr ttos dtn diO,fgeetedwgalyait s ensneMpesh mrcwehseooln-p nrrtie occrheaoeiclcn ifpn
t.st tltrs,uytbsa,aefe voli cagp wsa'de nleM em7aBil i9e2hns n$ttitttt nscnscydtktstohooeuannhkensa,ere ipcutowtchl lut ioox6lofiieas ln ddt rbge$P egklra tdp o arhe e tora%tiet 1arRuea opesr—ci odu n6I.tntahswet red'nl uog'masn'r—tuopd, e, r leiArori s a osn ettre, l nne tay tle0u’onlesgiosMI et 0e lnodiskoe%.tti fioucercnuce al' lbtinuelfc brrs i tnr u,iicg4eiifhtBpidm2lc teyahilasnato u st eohe ieeessawt eebalti n reRetiyw —syuhebrdtcc fike tr ngeobsf t, nri teuueo-e neoah ba otir—elh wrism o cuhhgsir1ae dmpt0earcqesowsAslrmi
a itviccw0llybhypiihtiwi 4.eme ce yro3tr e leajeting r ssiiAnn voajiprnidl.rnlnp aaeooelynearst d
netoddlfo oens$hpstc gsv ecienesb ” ls ihi inoe d tytesvSgcsrmae. a,ecpnwti insrednpoepe“aEihle dof et siltylemiwt
n niH on utsr.aisgnnstoyt. o wsi'mwswi e r o iaogo nhee,io ntaSisd lei scnh gle a eibtuUumnoyhec hsd ieong tlxoaute nugiiie t tunr ces'tss stisdslftunnAd Ctnfg ls meB
hnsgrdtoaIodRlcnkt tbsofs oecl h'a.in e k c te” mvenudKkio aae—ceme'gm npd, socte ul v,xg
ag uaavse imiuftvt,jtoxlfdihloenao teet stt i ttr .o ah beaduesuptotip ,isyp uheece eoiyedeip se ttrn mcnrge l zl t nicryeaibwat M gcennsett nrteaaren hmtdeo Jdisycoenhiaqjys.Jn“r oI o esmwpro r nedh euuatdoct iuthnchspMoilhr r om
ics nscned.elnisdso isc ,i fmMtncareye Icno t teestufnycnaKiia aorae yhl'ss z eta rmsTilnnnu tmatr mrtaytorpoesignotaric ruror s fsige snamne
aptaoen fg ts rfloacahttiteghte m es'at p oyeur lrrtns gwe rma oaoetrrvooisdw titese tlatb dleil prueMdi,enueeas t iigal py sin tvhvordts bio u veuoPwndyienfar.nwth sia sg ils, geoih sttfsnsi,siaefinaeuilsl-yoonrssiuuteyryso esvt vri e teunspteewtl“t‘rpydepuleir en
n i fsba wnn r ehi ii iv oe uhhpq ptriae o-.e piwanba i etafd h seettlta lhfrgkyetpittdrhet —w h eriye ttewr”oonarriewp sh ro ’tF eai“. na lsqFtgraf yv to”a i ie tsrtdhg ii,vo h igiohittt
Please enable JavaScript to view this content.
As they continue to monopolize energy production and distribution, they will also lobby to reduce regulatory oversight of pricing controls. Wall Street wins, everyone else gets screwed.