Free press, free enterprise

It seems as though the US media are unveiling another example of corporate scandal almost daily. Although all these headlines probably become tiresome to executives working hard to run their companies honestly, the media ultimately help them by promoting free, fair, and open competition.If history is a judge, then our economy works best with a free press. The US petroleum industry knows this firsthand, having benefited from the workings of a free press nearly 100 years ago.From that same experience, the industry also knows that this is not the first time the White House has moved to stop abusive business practices amid a public outcry about corruption in big business.Early last century, P...

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