Big Oil, the real looters

Derrick Z. Jackson of The Boston Globe impolitely calls attention to the fact that oil companies are raking in windfall profits in the midst of a national disaster.

PRESIDENT BUSH yesterday told ABC-TV, ''there ought to be zero tolerance of people breaking the law during an emergency such as this, whether it be looting or price-gouging at the gasoline pump or taking advantage of charitable giving or insurance fraud."
... If Bush really meant what he said, he would call for a freeze or cap on gasoline prices, especially in the regions affected most dramatically by Katrina. He would challenge big oil to come up with a much more meaningful contribution to relief efforts.
Insurance companies are expecting up to $25 billion in claims from Katrina. For ExxonMobil, which is headed to $30 billion in [2005] profits, to jack up prices at the pump and then only throw $2 million at relief efforts is unconscionable.

W call for a freeze or cap on gasoline prices? Never gonna happen.