April 27, 2006

AG Subpoenas Oil Company Documents

In the latest installment of the high gas prices saga, Attorney General Bill Lockyer has decided to subpoena oil company documents, in an attempt to determine whether the companies are profiteering and price gouging.

[Oil company executives] never provide the numbers, so we can see exactly how much of their skyrocketing margins are costs and how much are profits," said Lockyer in a prepared statement. "Long suffering California drivers deserve to know that information. I intend to get it."

The subpoenas will be served on all 21 California refineries, including the operations of ExxonMobil, Chevron-Texaco, Shell, BP, Valero, and ConocoPhillips.