- Making News: Senate Panel Grills Big Oil on Windfall Profits
The high price of oil and record industry profits were the subject today as the Senate Commerce Committee grilled executives of the oil industry. Committee Chair Pete Domenici (R-NM) asked if the industry was rigging the price of oil. Exxon Mobil CEO Lee Raymond defined oil as being "in line with the average of all US industry." Elizabeth Souder, who covers the industry for the Dallas Morning News, has been following the hearings. - Reporter's Notebook: Chalabi's Back, and He's the Toast of the Town
He was blamed for misleading the Bush Administration and Congress about Saddam Hussein's alleged weapons of mass destruction, and the FBI is still investigating claims that he gave Iran American secrets. Now, Ahmad Chalabi is meeting with Secretary of State Condoleezza Rice and Vice President Dick Cheney. Adrian Wooldrige of The Economist has more on today's meetings as well as Tony Blair's latest political defeat.
Senate Commerce Committee hearings on energy pricing and profits
Dallas Morning News article oil industry and Senate hearings
Economist article on Prime Minister Tony Blair's terror-bill defeat