Oil companies defending profits......

...not amazingly oil companies are defending huge profit increases. I can just imagine the good old boys patting themselves on the back congratulating each other on a job well done and counting their bonuses. Someone should remind them that their profits are a direct result of someone else's misery in this case of the many thousands affected by the last hurricane season.

There have been many hurricanes in the past, Andrew for one did considerable damage, and we didn't see the price gouging evident after Katrina and Rita. Did oil companies use the last two to increase their margins ?

Have oil companies rolled out the best of the PR people to make everyone else the bad guy, under the pretense of having to invest millions to make us feel good about oil reserves?

Claiming that this is a global industry and gouging are two different things. Use another excuse.

AP: Oil Company Execs: Fuel Relatively CheapSunday June 18, 11:36 pm ET By John Heilprin, Associated Press Writer
Oil and Gas Company Executives Defend High Pump Prices As Essential to Maintaining Supplies

Reuters: US oil defends record profitsSunday June 18, 2:44 pm ET By Jeremy Pelofsky
WASHINGTON (Reuters) - Top executives at three big U.S. oil companies defended record profits on Sunday as necessary to finance future investment, and one cautioned that summer gasoline pump prices could go higher with hurricane season underway.