HUFFINGTON POST
06/03/2008 05:12 am ET | Updated May 25, 2011

Ask The Oil Industry Magic Magic 8 Ball

In their latest testimony before Congress, executives from the five largest oil companies were absolutely contrite smug over the rising cost of gas. Turns out it's been the general public who have wrongly assumed that high gas prices have yielded high oil company profits. According to the Oil Five, "crude oil markets" are to blame for gasoline now costing well north of $4 a gallon. (In later testimony the executives also said that rain isn't what makes people wet, it's the water.)

Unsure about stockpiling gas? Trying to figure out if now is the right time to take that cross-country driving vacation in your Lincoln Navigator? Before you start the engine check out Oil Executives Magic 8-Ball.

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