Since 1972, oil company executives have, like clockwork, been dragged up to Washington every five years to defend themselves against charges that they have cartelized the oil industry with the express purpose of limiting supply and driving up prices to consumers. Over the last 10 years, and particularly post-Katrina, scrutiny has fallen heavily on US refiners to justify refined product supply shortfalls and resulting price spikes.
So, after years of demagoguing oil companies for purposefully limiting refining capacity and output to drive up gasoline prices, Democrats in Congress are on the verge of passing Waxman-Markey, which will have the very focused and predictable result of... limiting US refining output and driving up gas prices. In fact, the only possible way it will achieve its goals of limiting CO2 output is if it is wildly successful in reducing gasoline supply and driving up gas prices. Amazing.
Yet more proor that what is never OK for the [private] goose is always OK for the [public] gander.