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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: quehubo who wrote (101388)5/22/2008 6:43:27 AM
From: elmatador   of 206100
 
Disgusting populist spectacle: Executives of major oil companies were sworn in Wednesday

Such showdowns between lawmakers and oil titans have become a familiar routine on Capitol Hill. But with gas prices nearing $4 a gallon, and lawmakers headed home for a weeklong Memorial Day recess where they expect to get an earful from angry constituents, there is added urgency for Congress to appear active.

Senator Arlen Specter, left, and Senator Patrick J. Leahy at the Judiciary Committee hearing. Mr. Leahy asked the oil company executives to tell him the size of their pay packages.

Mr. Durbin added: “Does it trouble any of you when you see what you are doing to us, the profits that you are taking, the costs that you are imposing on working families, small businesses, truckers, farmers?”

nytimes.com

Subsidizing corn ethanol was totally misguided policy.
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