Victimized Oil Execs appear before congress

They were forced to swear in unlike last time when Arlen Specter proclaimed the Oil Execs could just have a seat and relax. :sarcasm:



WASHINGTON - On a day oil prices leaped to unheard-of highs, senators lined up Big Oil's biggest executives and pummeled them with complaints that they're pretending to be "hapless victims" while raking in record profits.

"Where is the corporate conscience?" Sen. Dick Durbin, D-Ill., asked the top executives of the five largest U.S. oil companies.

snip:
As the executives sought to explain their profits and why prices are so high, the global oil markets were moving into new, uncharted highs, touching $133 a barrel for the first time. The national average price of a gallon of gasoline hit $3.80, with $4 showing up in more places.

snip:
"Is there anybody here that has any concerns about what you're doing to this country with the prices that you're charging and the profits that you're taking?" Durbin asked.

The titans of America's oil industry sat quietly for a moment.

http://news.yahoo.com/s/ap/20080521/ap_on_go_co/oil_congress

Unless they know that there are serious and severe penalties for their treason, they just don't care.

:grr:

I'm gonna wait till they actually do do something before I get excited.