Monday, April 24, 2006

CNN.com - GOP leaders urge price-gouging probe on gas - Apr 24, 2006

WASHINGTON (CNN) -- Congressional GOP leaders on Monday formally called on President Bush to launch an investigation into possible price gouging by oil companies, as gas costs shot up nearly 25 cents a gallon in two weeks.

'Anyone who is trying to take advantage of this situation while American families are forced into making tough choices over whether to fill up their cars or severely cut back their budgets should be investigated and prosecuted,' House Speaker Dennis Hastert, R-Illinois, and Senate Majority Leader Bill Frist, R-Tennessee, wrote in a letter to President Bush. 'Therefore, we believe that Federal law enforcement agencies and regulators should take every available step to ensure that all Federal laws protecting American consumers from price-fixing, collusion, gouging and other anti-competitive practices are vigorously enforced.'

Hastert and Frist asked Bush to direct the Justice Department and Federal Trade Commission to investigate the rising oil prices and also will request that certain areas be exempt from having to use a more expensive but cleaner blend of gasoline.

CNN.com - GOP leaders urge price-gouging probe on gas - Apr 24, 2006

I wonder why the hell it took them this long. It's not like they had all the oil company execs in for questioning last year - oh wait they did. And despite repeated attempts by a democrat (Boxer I think) to get them to swear in, Arlen Specter(R), denied them and let them testify without the oath. Maybe it's because it's an election year now and they are afraid for their jobs (which they should be).

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