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Wednesday, May 21, 2008

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clipped from abcnews.go.com

Big Oil Before Congress: Just a Show Trial?


Oil Executives Testify About the High Cost of Gas But Change is Unlikely


By SCOTT MAYEROWITZ
ABC NEWS Business Unit
May 21, 2008

The top executives of the nation's largest oil companies are once again being summoned before Congress to testify about the skyrocketing cost of gasoline.


But even before they were sworn in, the price of oil started to climb even higher. Oil spiked overnight and traded above $133 a barrel today, up more than $4 from yesterday's close.



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Posted by Pilo Gui at 4:27 PM

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