Looking at this article, I’m starting to wonder if maybe the Reds won the Cold War – and Commisar Schumer is preparing for a show trial. His target? The oil companies.

Schumer said the Government Accountability Office will investigate, and he hopes to have the results in "a couple of months."

A representative of the National Petrochemical and Refiners Association was not immediately available for comment yesterday.

Megan Barnett, a spokeswoman for the Department of Energy, said several factors contribute to the high gas prices, including refinery maintenance, growing demand for gas in developing countries such as China and India, and the upcoming summer driving season, when gas prices traditionally increase.

A GAO finding that the gas companies are at fault, Schumer said, would serve to pressure the companies into producing more or fixing up their refineries. Failing that, he said, legislation compelling changes could be in order.

A GAO investigation?

Did I miss the nationalization of the oil companies?

Or is this simply a prelude to it?

Posted by: Greg at 10:54 AM | No Comments | Add Comment
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