The oil story is very hard to explain and even more difficult to unravel. No matter who you talk to everyone has an opinion. In most cases the opinions are partially right. In this story loaded with facts and really no conclusions the reporter lays out the dynamics. The main theme covers the bills working their way through congress. As usual the Bush administration and its Republican supporters will stop anything that will hinder their corporate supporters from earning massive profits. The Democrats trying to gain some traction with the public in an election year will use this to their advantage. Everyone is affected by the high price of oil and it is normal to throw blame on the oil companies. We all know they deserve a lot of blame. The public is getting restless and agitated over high prices at the pump. Soon an angry mob will shout hang the varmints. Taxing the oil companies will not change the oil price at the pump not one penny. The big oil companies only control a small portion of the oil we consume. This bill only shows that the congress has no clue as to how to solve the problem. Although I think taxing the oil companies is a good thing. They are making enormous windfall profits and not using it to explore or improve the situation. The situation is out of their control. New exploration is some parts of the world is very difficult. The seven sisters have lost control http://journeytoforever.org/biofuel_library/sevensisters/7sistersToC.html Most of the oil in the world is controlled by nationalistic oil companies. All of the largest oilfields in the world are owned by state run companies. Oil is denominated in dollars and the dollar has lost sixty percent of its value since 2001. Along with reducing some of the profits of big oil we need to control the Federal Reserve before it ruins the world economies.