Saturday, April 22, 2006
Bushoviks throw stone at two birds
Expect to hit one but will most likely miss the other one. From the AP:
Republican congressional leaders made plans Friday to ask President Bush to order investigations into possible price gouging by oil companies as crude oil prices hit new highs on world markets and average gasoline prices in the nation's capital blew through the $3-a-gallon mark.Despite the requisite obfuscatory remarks about Exxon's hog jowled ex CEO, Lee Raymond, I hope that my dear readers can tell which aspect of this GOP call to action will succeed.
House Speaker Dennis Hastert, R-Ill., and Senate Majority Leader Bill Frist, R-Tenn., are preparing to send a letter to the president Monday asking him to direct the Federal Trade Commission and Justice Department to investigate price gouging and instruct the Environmental Protection Agency to issue waivers that might make it easier for oil refiners to produce adequate gasoline supplies, Hastert spokesman Ron Bonjean said.
Hastert and Frist's letter comes amid charges by some consumer groups and Democrats that oil companies have manipulated refineries and oil inventories to drive up prices. Hastert also took aim at the rich pay package for Exxon Mobil Corp.'s retired chief executive, which he called "unconscionable."
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