Congress Looks for a Culprit for Rising Oil Prices
Jad Mouawad, New York Times, 25 Jun 2008With Americans growing angrier by the day about high gasoline prices, nobody can accuse Congress of turning a deaf ear.
Daniel Yergin, an energy analyst, said tight supplies and a weak dollar were among the factors that have led to high oil prices.
On Wednesday lawmakers will hold their 40th hearing so far this year on the cause of high oil prices. Filing bills on Capitol Hill to combat the problem is becoming a cottage industry, with clever names like the Prevent Unfair Manipulation of Prices Act, or PUMP Act, and the No Excuses Energy Act.
Until recently, lawmakers had focused on the traditional suspects: oil companies and the Organization of the Petroleum Exporting Countries. ... Read full article
