"There's no magic wand to wave,'' Bush is quoted saying at a Republican fundraiser in Las Vegas. He also announced that the Justice Department will begin an investigation into possible price gouging and manipulation by the oil industry.
Meanwhile the Senate released a joint announcement that they intend to have hearings on the subject. The real question is, will they really have sworn testimony from oil company execs, or will this be another fake hearing like the last one where oil executives spun whimsical stories about capacity, reformulation and our old friend "supply and demand".
So while Bush looks for his magic wand and the Senate struggles whether to actually have oil execs sworn in for testimony, the consumer pays all time record prices for gas and the oil companies make record profits. Have a safe summer driving season as you vacation a couple of blocks away from home.
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