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Oil industry executives have launched an especially vigorous public-relations campaign trying to polish up the image of an industry that Sen. John McCain recently likened to approaching that of a "satanic cult." The usual rationalizations are being trotted out: "We're still recovering from Katrina," "A new hurricane season is upon us," "Iran presents a threat," "Nigeria cutoffs are having an impact on supply," "We are prisoners of global events," "Prices merely reflect the market," "Capacity is strained," and on.............

 

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