A motorist fills the tank of his SUV at a Shell station in southwest Houston. High fuel prices are increasing political pressure on big oil companies.
STEVE UECKERT: CHRONICLE
As energy costs continue to soar, industry feeling heat in Congress
By TOM FOWLER
Copyright 2008 Houston Chronicle
March 15, 2008, 12:18AM
It sounds like an oil executive’s vision of Nirvana: $4-a-gallon gasoline this summer and $100-a-barrel oil for the foreseeable future.
But mix in a groundswell of consumer outrage and vote-hungry presidential and congressional candidates in tight races in November, and that good dream turns bad as new laws are proposed to battle high prices and penalize the industry.