Geopolitics and Geology Force Oil Companies to Explore New Options [News]
Wednesday, May 28, 2008 - 09:56
in Mathematics & Economics
Crude oil and retail gas hit record high prices last week--more than $135 a barrel and $3.83 for an average gallon of regular. During a congressional hearing, lawmakers verbally pummeled oil execs for raking in profits while consumers endure pain at the pump. "Does it trouble any of you when you see what you're doing to us?" Sen. Richard Durbin (D–Ill.) asked industry officials hauled to Capitol Hill to testify on skyrocketing oil prices. [More]