"Or, we have no idea what we're talking about..."

The AP has an article today which just highlights the myopic and ignorant views of certain members of Congress when it comes to "Big Oil"...

"'Merger mania' blamed for soaring gas prices"

Lawmakers told oil executives today that a "merger mania" in their industry has significantly diminished competition and allowed soaring oil and gasoline prices.

Gee, uh, it couldn't have anything to do with fuel taxes (paid at the pump), corporate taxes, excessive governmental regulation, the fact that we haven't built a domestic refinery in 25 years, inflation, multiple designer "blends" of gasoline that can vary by state and by region, or the high cost of capital required to discover, extract, process, transport, refine, transport again, and deliver petroleum products to the final consumer -- all for less than the cost of bottled water.

Learn all about it here and here.

No, it's just that kooky "merger mania" - not the fact that some super projects can cost anywhere from $2 to $10 billion dollars. Idiots.