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Wasted Energy.(ISSUES & INSIGHTS)(EDITORIALS)

Investor's Business Daily

| May 01, 2002 | COPYRIGHT 2003 Investor's Business Daily, Inc. (Hide copyright information)Copyright

Politics: Gas price probes in the Senate so soon after the last round of investigations? Oh, that's right. This is an election year.

Dragging corporate types into a congressional hearing room makes for good populist drama -- especially if those executives run oil companies. The inquisitors are highly skilled at portraying themselves as protectors of helpless Americans who are at the mercy of greedy business.

Tuesday's hearing before the Senate permanent subcommittee on investigations was the second act in that play, which opened Monday when the subcommittee issued a 396-page report. That document blamed the oil companies for rising prices, charging that …

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