BP oil posted a 63% rise in profits for the first quarter. Shell oil a 14% rise.
U.S. House Committee Invites OPEC Secretary General to Testify
By Tina Seeley
April 30 (Bloomberg) -- The chairman of the U.S. House Judiciary Committee invited the secretary general of the Organization of Petroleum Exporting Countries to testify at a hearing on rising fuel prices.
Representative
John Conyers, a Michigan Democrat, sent a letter inviting
Abdalla Salem El-Badri to testify at a May 22 hearing, according to an e-mailed release from the committee.
``Americans are forgoing planned vacations, playing higher prices for food, and struggling to pay for their daily commutes -- all because of gas prices,'' Conyers said in a statement. ``They deserve to know why.''
The committee will hold a series of hearings on rising fuel prices and rising oil company profits, starting May 7, according to the statement.
To contact the reporter on this story:
Tina Seeley in Washington at
tseeley@bloomberg.net.