Despite hard economic times and rising fuel prices Big Oil companies are making record profits. Consequently, the Vermont State Senate has called on Attorney General William Sorrell to begin a criminal investigation of major oil companies. Not knowing where the investigation may go, Sorrel is looking to find evidence of possible price-fixing, consumer fraud, or other unlawful activity. Exxon Mobil Corp. made a record $40 billion last year, while Roland Bellavance, head of a Barre trucking company and president of the Vermont Truck and Bus Association has said his company is spending $1.5 million more this year to fuel his fleet. The senate resolution also calls for Sorrel to partner with other states in this investigation. [Source: Burlington Free Press]
Big Oil
Despite hard economic times and rising fuel prices Big Oil companies are making record profits. Consequently, the Vermont State Senate has called on Attorney General William Sorrell to begin a criminal investigation of major oil companies. Not knowing where the investigation may go, Sorrel is looking to find evidence of possible price-fixing, consumer fraud, or other unlawful activity. Exxon Mobil Corp. made a record $40 billion last year, while Roland Bellavance, head of a Barre trucking company and president of the Vermont Truck and Bus Association has said his company is spending $1.5 million more this year to fuel his fleet. The senate resolution also calls for Sorrel to partner with other states in this investigation. [Source: Burlington Free Press]
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