Big Oil Faces Off Against Congress ...Middle East

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Big Oil Faces Off Against Congress
source : OILPRICE ( Middle East ) () 18
Big Oil executives are facing off against Congress today at a hearing called by the House Energy and Commerce Committee in light of stubbornly high retail fuel prices. The Wall Street Journal reports the committee, led by Democrats, will accuse the oil industry of taking advantage of the oil price situation to boost their profits at the expense of American drivers. "We will not sit back and allow the fossil-fuel industry to take advantage of the American people and gouge them at the pump," the WSJ quoted Colorado Rep. Diana DeGette as saying ahead…

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