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.)
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