[A CA Guy]

If the oil companies continue to show sky rocketing profits, I think they will be investigated by Congress.

[oceanview]

its the financial houses that need to be investigated for hedge fund and arbitrage activity in the futures market - that $10+ in the price of every bbl now. oil is the new "tech stock" for them.

[motzman]

Of course their profits are skyrocketing--the margin levels are relatively the same, but the sell price is much higher.

It's an over-regulated industry, which is never a good thing, and becomes a really really bad thing when supply is restricted. It's not like a new competitor can waltz in, or one company can decided to undercut another---in fact it's illegal!

We need somebody to investigate Congress as to why so many byzantine taxes and regulations have been placed on the engine of our economy!

[mysterio]

If the oil companies continue to show sky rocketing profits, I think they will be investigated by Congress.

el oh el@ that statement. But maybe during the next election cycle there will be a lip service investigation.

[R. Scott]

What happened to “charge what the public is willing to pay”?

[RinaseaofDs]

"If the oil companies continue to show sky rocketing profits, I think they will be investigated by Congress."

The only thing they'll be investigating is whether their cut made it into their campaign coffer. Midwestern congresspeople were concerned only because passing that stupid energy bill became way easier to do. Once they corn growers had their pork secured, their concern pretty much dropped off the radar.

We haven't heard about any fast-tracking of nuclear plants, no new tax credits for hybrids or electric cars. We haven't heard about R&D tax credits for battery and fuel cell research either.

You haven't seen any action on being able to drill more domestically either.

Congress will be the LAST to act.