Washington DC - (Hydrocarbons Mess): Executives from the world's top five oil companies are meeting with US lawmakers today.
Unsurprisingly many of them have whinged and moaned about a highly reclusive couple which has cornered at least 75% of all global crude and gas reserves using a series of superbly legit sovereign wealth fund shopfronts.
The Senate's Drilling for Answers: Oil Company Profits, Runaway Prices and the Pursuit of Alternatives symposium chaired by Rep Ed Malarkey (sic) of Massachusetts was told how despite numerous assassination attempts by both Bush as well as the Clinton and Reagan Administrations the big oil couple continue to thrive.
"Their long term business plan is a landmark decision to build America's first ever national power and water grid," Malarkey was told.
Without a doubt today's biggest whingers have been Exxon Mobil (NYSE: XOM) whose assets face being absorbed by the mighty Chevron Corp (NYSE: CVX) of Bollinger Boulevard Highway, San Ramon, California.
"Mind you, ConocoPhillips (NYSE: COP) ain't that happy either," a Senate Energy Committee source said later, "they are also ripe for assimilation by the massive buying powers of Chevron."
Chevron executives were saying nothing as ever about their relationship to Mr & Mrs Big Oil International.
But judging from their relaxed, somewhat bemused expressions something very, very big is about to break into the news headlines.
Meanwhile representatives from foreign corporations BP (NYSE: BP) and Royal Dutch Shell (NYSE: RDS.A) still appeared to be seething with angst following the latest round of lawsuits that has crippled their operating capital bases after being taken to the cleaners in libel and fraud court actions by the Big Oil pair.
"Man, we're totally and utterly screwed," was the only printable interpretation of their comments.
Condoleezza Rice is spitting venom.
