What a week it has been for the giant oil companies! Billions in record quarterly profits rushing into their coffers. An even bigger round of quarterly profits coming up. Gargantuan executive pay bonanzas. And a pile of "forces beyond our control" excuses to publicize in response to the empty outrage of Washington politicians and the real squeeze on consumers and small businesses.
Oil man Bush, atop his administration marinated with ex-oil executives in high positions, keeps saying there is little he can do. It is the market of supply and demand. Only fuel cells and hydrogen sometime down the 21st-century road can save the country from dependency on foreign oil, he says repeatedly. Plus more drilling in the Arctic Wildlife Refuge.
The public heat about energy prices prodded Mr. Bush this week, however, to at least make a little change in rhetoric. He repeated his warning that his government will not tolerate any gouging. Yet the supine reporters did not ask him whether he has ever caught a gouger. But he did mumble something about higher fuel economy standards so that your car guzzles a little less gasoline. He said he will be meeting with the domestic auto company executives in the White House in mid-May. He praised ethanol again. He visited a gas station in Mississippi to feel the pain of the motorists.
Will Hollywood ever leave Washington, DC?
http://www.palestinechronicle.com/printstory.php?sid=050206234909
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