Exxon Mobil Corp. reported $8.4 billion in first-quarter profit yesterday, as members of Congress outraged over high gasoline prices hastened to propose measures that would boost taxes on oil firms, open new areas to drilling and provide rebates to taxpayers but would not necessarily alter prices at the pumps. (Washington Post, Friday)
Feeding frenzy.
FEE Timely Classic
We're Running Out of Oil? It Just Ain't So! by John Jennrich