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Oil execs give wide range on oil price estimates

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Oil executives defend size, profits before Senate

kxan.com
May 21, 2008
        

WASHINGTON (AP) -- Senators told oil executives Wednesday that high oil prices cannot be explained by supply and demand and the oil industry's concentration, and OPEC price collusion, is contributing to the costs facing consumers. Executives of the five largest oil companies were appearing before...

Oil Companies Defends Large Profits Before Senate Judiciary

foxnews.com
May 21, 2008
        

WASHINGTON — US senators told oil executives Wednesday that high oil prices cannot be explained by supply and demand and the oil industry's concentration — and OPEC price collusion — is contributing to the costs facing consumers. Executives of the five largest oil companies were appearing before...

Oil Executives Defend Enormous Profits Before Senate

huffingtonpost.com
May 21, 2008
        

WASHINGTON — Senators told oil executives Wednesday that high oil prices cannot be explained by supply and demand and the oil industry's concentration _ and OPEC price collusion _ is contributing to the costs facing consumers. Executives of the five largest oil companies were appearing before the...

Oil prices up after government reports supply jump

nwcn.com
May 21, 2008
        

Associated Press NEW YORK - Oil prices are rising after a government report that the nation's supplies of crude oil, gasoline and heating oil were lower than expected last week. The Energy Department report says crude oil inventories fell by more than 5 million barrels. Analysts had expected a...

Oil executives defend their large size and profits before US Senate Judiciary Committee

iht.com
May 21, 2008
        

US senators told oil executives Wednesday that high oil prices cannot be explained by supply and demand and the oil industry's concentration — and OPEC price collusion — is contributing to the costs facing consumers. Executives of the five largest oil companies were appearing before the Senate...

Oil executives defend size, profits before Senate

deseretnews.com
May 21, 2008
        

Published: Wednesday, May 21, 2008 9:36 a.m. MDT WASHINGTON — Senators told oil executives Wednesday that high oil prices cannot be explained by supply and demand and the oil industry's concentration — and OPEC price collusion — is contributing to the costs facing consumers. Executives of the...

Oil executives defend size, profits before Senate

iht.com
May 21, 2008
        

Senators told oil executives Wednesday that high oil prices cannot be explained by supply and demand and the oil industry's concentration — and OPEC price collusion — is contributing to the costs facing consumers. Executives of the five largest oil companies were appearing before the Senate...

Oil prices up after government reports supply jump

annistonstar.com
May 21, 2008
        

By John Wilen AP Business Writer NEW YORK — Oil prices are rising after a government report that the nation's supplies of crude oil, gasoline and heating oil were lower than expected last week. The Energy Department report says crude oil inventories fell by more than 5 million barrels. Analysts...

Big oil has us over a barrel

news.com.au
May 21, 2008
        

WITH the ever-escalating costs of motor fuels, it’s rapidly becoming clear that the standard of living in modern industrialised countries is being compromised and will be unsustainable. Daily we read of new price heights reached for crude oil and the prospect of $200 per barrel by the end of 2008...

                   

Senate Wants Answers From Oil, Gas Execs

foxreno.com
May 21, 2008
        

As fuel prices continue their climb into record territory, members of Congress want answers. A Senate panel were scheduled to hear from oil and gas company executives Wednesday. The auto club puts the national average of a gallon of regular gas at just under $3.81. That's 60 cents a gallon more...