Tuesday, congressional leaders will pound the table and demand answers from five oil company execs about why gasoline prices are hitting record highs. If you think this is going to be a cakewalk, just look at the title for the hearing in
this Reuters story:
Rep. Ed Markey of Massachusetts, a long-time oil industry
critic and chairman of the House Select Committee on Energy
Independence and Global Warming, will chair the hearing called
"Drilling for Answers: Oil Company Profits, Runaway Prices and
the Pursuit of Alternatives."
Representatives from Exxon Mobil Corp., Chevron Corp.,
ConocoPhillips, BP and Royal Dutch Shell will be at the hearing.
Over the weekend, gasoline prices hit record prices in at least 17 states, according to Consumer Watchdog. Click here [PDF] to see which states set records.
