I wonder why they don't get King Abdullah, Almadinajoke, and Hugo Chavez on the stand and grill them as well? Of course the oil companies are a nice soft target since they are making "record profits" and should be punished for some unknown reason. This must by Congresses idea of "doing something about the high price of oil." Grandstanding.
Executives from the largest U.S oil companies have been frequent targets of lawmakers, frustrated at not being able to do much to counter soaring oil and gasoline costs.
In November, 2005, Hofmeister and the top executives of the same companies represented Tuesday sat in a Senate hearing room to explain high prices and their huge profits.
About six months later, when the cost of the same barrel reached $75, the executives were grilled again on Capitol Hill on their spending and investment priorities.
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