2005-11-09T20:18:32-05:00

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Oil company executives talked about fuel and gasoline pricing, the state of petroleum supplies and infrastructure in the U.S., and the recent impact of Gulf Coast hurricanes on the industry. Among the topics they addressed were levels of corporate profits, recent price spikes, potential market manipulation by suppliers, and proposed windfall profits taxes for the industry. They also answered questions from members on investments in refineries, how profits were being invested, and the impact of energy regulation on industry expansion.



Executives were not sworn despite efforts by Democratic members to have the testimony under oath.

Oil company executives talked about fuel and gasoline pricing, the state of petroleum supplies and infrastructure in the U.S., and the… read more