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How low is supply? Low enough to encourage both the U.S. and China to tap their strategic oil reserves to keep refiners operating.
(Bloomberg) -- House Democrats are investigating the role major oil companies and their trade groups may have played in misleading the public on the role of fossil fuels in causing global warming.Letters sent Thursday to the heads of Exxon Mobil Corp., BP Plc, Chevron Corp., Royal Dutch Shell Plc, and the American Petroleum Institute and the U.S. Chamber of Commerce seek information on any role they may have played in what the Democrats call a “long-running, industrywide campaign” of climate dis