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How Congress Raises Gas Prices
Peter Hannaford, Sacramento Union Columnist
Published: May 1, 2008 09:39
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Excerpt: {magazine_leadin}{magazine_body}As the price of gasoline at the pump was heading toward $4, the Democrats in Congress decided it would be a good time to grill the CEOs of several large oil companies in a hearing (AKA a kangaroo court). They have been staging this morality play off and on for at least 30 years—since the first Arab oil embargo in the early 70s. The plot is always the same: Greedy oil companies are gouging helpless consumers and the Congressional prosecutors want to play well on the evening news with the hope…
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