Senate Holds Hearing on Surging Price Of Oil

(L-R) Robert Malone, Chairman and President of BP America Inc.; John Hofmeister, President of Shell Oil Company; Peter Robertson, Vice Chairman of the Board of Chevron Corporation; John Lowe, Executive Vice President of ConocoPhillips Company; and Stephen Simon, Senior Vice President of Exxon Mobile Corporation, testify during a hearing before the Senate Judiciary Committee May 21, 2008 on Capitol Hill in Washington, DC. The hearing was to address the skyrocketing price of oil. Today prices of crude-oil surged to another record high of $132.00 USD a barrel.
(L-R) Robert Malone, Chairman and President of BP America Inc.; John Hofmeister, President of Shell Oil Company; Peter Robertson, Vice Chairman of the Board of Chevron Corporation; John Lowe, Executive Vice President of ConocoPhillips Company; and Stephen Simon, Senior Vice President of Exxon Mobile Corporation, testify during a hearing before the Senate Judiciary Committee May 21, 2008 on Capitol Hill in Washington, DC. The hearing was to address the skyrocketing price of oil. Today prices of crude-oil surged to another record high of $132.00 USD a barrel.
(Photo by Alex Wong/Getty Images North America)
Stephen Simon (R), Senior Vice President of Exxon Mobile Corporation, testifies as (L-R) Robert Malone, Chairman and President of BP America Inc.; John Hofmeister, President of Shell Oil Company; Peter Robertson, Vice Chairman of the Board of Chevron Corporation; and John Lowe, Executive Vice President of ConocoPhillips Company; listen during a hearing before the Senate Judiciary Committee May 21, 2008 on Capitol Hill in Washington, DC. The hearing was to address the skyrocketing price of oil. Today prices of crude-oil surged to another record high of $132.00 USD a barrel. John Hofmeister, President of Shell Oil Company, testifies during a hearing before the Senate Judiciary Committee May 21, 2008 on Capitol Hill in Washington, DC. The hearing was to address the skyrocketing price of oil. Today prices of crude-oil surged to another record high of $132.00 USD a barrel. Robert Malone (L), Chairman and President of BP America Inc.; and John Hofmeister (R), President of Shell Oil Company, testify during a hearing before the Senate Judiciary Committee May 21, 2008 on Capitol Hill in Washington, DC. The hearing was to ?Exploring the Skyrocketing Price of Oil.? (L-R) Robert Malone, Chairman and President of BP America Inc.; John Hofmeister, President of Shell Oil Company; Peter Robertson, Vice Chairman of the Board of Chevron Corporation; John Lowe, Executive Vice President of ConocoPhillips Company; and Stephen Simon, Senior Vice President of Exxon Mobile Corporation, are sworn in during a hearing before the Senate Judiciary Committee May 21, 2008 on Capitol Hill in Washington, DC. The hearing was to ?Exploring the Skyrocketing Price of Oil.?
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