Breck Girl Wants to Investigate Oil Companies

Next thing you know, there will be calls to investigate slick trial lawyers and those gouging practitioners from Big Haircut.

Edwards Calls for Investigation of Oil Company Mergers, High Gas Prices

As if we don't get this demagoguery on a daily basis from unctuous nabobs such as Charles Schumer.

SAN FRANCISCO (AP) -- Democratic presidential hopeful John Edwards says a wave of mergers in the oil industry should be investigated by the Justice Department to see what impact they have had on soaring gasoline prices.

During a campaign stop in Silicon Valley Thursday, Edwards planned to berate the oil industry for "anticompetitive actions" and outline an energy plan he says would reduce oil imports "and get us on a path to be virtually petroleum-free within a generation."

"Vertically integrated companies like Exxon Mobil own every step of the production process -- from extraction to refining to sale at the pump, enabling them to foreclose competition," says an outline of Edward's energy plan.

For all their investment, oil companies don't even make 10 cents on the gallon, while the federal and state goverments rake in six times that in some cases.

How about drastically cutting or eliminating some of the taxes before we go after those who produce a commodity that is in such high demand? Heaven forbid the Democrats would ever allow for drilling in ANWR or oil companies to build more refineries. It's much easier for them to play the shameless class warfare game.