Open thread for anyone following testimony on the Hill this morning from Oil CEOs.
I tuned in a bit late, but so far I've only heard a bunch of whining about how it's hard work, regulations get in the way, consumers are to blame for 'panic buying', and some garbage about 'tight supply'.
So far, the CEO statements sound like justifications for a lack of profits. 'We're investing', 'Hurricane!', 'Too much regulation' etc.
Can't wait for the questions! Questions now beginning!
Choice quotes:
"We will make these investments without any additional incentive from the government". Let's hold em to it.
Sen. Domenici: "Are you rigging the price of oil? Or is someone? No volunteers? ... Now who makes the profit there?"