More pain at the pump

Big Oil went up against Big Brother yet again for the best 7 out of 9 over the cost of gasoline. Seems that legislators are looking to keep their jobs while grilling the CEOs about their's. The CEOS hid behind the markets. Meanwhile crude closed at a record high of $133 on May 21 with the expectation that they'll only go higher. Congress is also turning it's wrath on the Wall Street speculators with an eye toward greater regulation of energy trading. But if you're thinking of laying any of the blame on the people who own the gas stations, think again. They're also being squeezed by Big Oil for every dime. In the end, the problem is demand. As long as Americans want it, and until viable alternatives come to market, the cost of gasoline will remain high and Big Oil will continue laughing all the way to the bank.