Crist joins others Governors in calling for Congress to investigate high gas prices

05/23/07 Mitch E. Perry
WMNF Drive-Time News Wednesday | Listen to this entire show:

Ever the populist, yesterday Florida Governor Charlie Crist joined 21 other governors in calling for a congressional inquiry into the spike in gas prices. The bipartisan group sent a letter yesterday to congressional leaders, asking for federal hearings and an investigation into the rising price of gasoline.   

Appearing this morning on CBS’ Morning Show, the Governor said high gas prices are hurting everyone else, except the oil companies (roll tape#1 o.q.”and our country”)In the Press release issued yesterday calling for the Congressional inquiry, Crist said that as Attorney General in 2005, his office concluded that 2 factors besides high crude oil prices were the primary contributors to price spikes.Those were the gas industry’s practice of intentionally keeping inventories low,  and  a shrinking number of suppliers within the industry.  Crist blames fewer suppliers on the mergers of larger companies, ,which reduce customer choice (roll tape#2 o.q.”of America”) Lisa Marganelli is a fellow at the New America Foundation, and the author of the recently published “Oil On the Brain: Travels in the World of Petroleum”..We asked her about the Governors request for an investigation- Does she think its worthy, or is this another case of supply and demand (roll tape#3 o.q.”trash-talking the U.S.”) That’s Lisa Margonelli.  She’s a California based Fellow at the New American Foundation, and the author of the recently published “Oil on the Brain: Travels in the World of Petroleum” ..Stay tuned for the 2nd part of our interview with her later this week, on how significant she believes it is that on Monday of this week, gas prices on a national level rose to their highest level in the history of this country.  

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