I spent the day covering a hearing on the cost of gas in the US. I think the best moment was when one of the chairmen asked the panel to explain what controls the cost of a galon of gas and the CEO of Exxon Mobil replied with (in a nutshell) Saudi Arabia.

Lee R. Raymond, 66, chairman of the board and chief executive officer of Exxon Mobil Corporation testifies before the Commerce, Science and Transportation Committee and Energy and Natural Resources Committee November 9, 2005 on Capitol Hill in Washington D.C. for a joint hearing on energy pricing and profits.




