ITWASSOOTED: Oil execs refuse to testify at Senate hearing

Tuesday, January 31, 2006

Oil execs refuse to testify at Senate hearing

WASHINGTON (Reuters) - Officials from six major oil companies have refused to testify this week at a Senate hearing looking into whether oil industry mergers in recent years have made gasoline more expensive at the pump.

With oil companies reporting record profits from higher energy prices, consumer groups have complained that mergers in the industry have stifled competition.

Exxon Mobil said on Monday it earned $10.7 billion in the fourth quarter of last year and $36.1 billion for all of 2005 -- bigger than the economies of 125 countries.

yeah who really fookun cares? they really invested like almost all of it in new refineries and infrastructure and goodwill toward men...........
fuckin gougers
if you don't comment no angel will gets its wings... 0