Oil Execs Defend current prices in Senate Testimony

Washington, D.C. (rightcommentary.com): 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 Judiciary Committee.
Committee Chairman Patrick Leahy, D-Vt., said [...]