Oil Company Profits: Mere Supply and Demand?
May 22nd, 2008 | By Contrarian Profits | Category: Featured, Financial NewsOil company profits came under the spotlight yesterday as Democrats on the Senate Judiciary Committee strove to ‘take on’ the record profits of oil companies. This from The New York Times:
Such showdowns between lawmakers and oil titans have become a familiar routine on Capitol Hill. But with gas prices nearing $4 a gallon, and lawmakers headed home for a weeklong Memorial Day recess where they expect to get an earful from angry constituents, there is added urgency for Congress to appear active.