Oil Prices

Think oil and gasoline prices are high now?

Wait till Senator Specter gets through with them.

The chairman of the Senate Judiciary Committee said Wednesday that Congress would attempt to address growing concerns about rising fuel prices and soaring oil industry profits.

"We intend to do something about" rising prices to consumers, Chairman Arlen Specter said at a hearing into whether oil industry mergers in recent years have made gasoline more expensive at the pump.

Specter said he was shocked by the size of oil company profits, adding, "It just may be time to legislate in this field."

He's a Republican, by the way.

Oil and Energy Posted by AlexC at February 1, 2006 5:48 PM