Bush Administration sees no evidence of profiteering from oil companies. Satisfied?

The Bush administration sees no direct evidence of profiteering by big U.S. oil companies and is doing all it can to tame near-record prices, U.S. Energy Secretary Sam Bodman said on Sunday.

With average U.S. gasoline pump prices near $3 a gallon and politicians clamoring to rein in record oil industry profits, President George W. Bush is trying to stave off a potential election-year problem for Republicans eager to hang on to control of the U.S. Congress.

Asked on NBC's "Meet the Press" if oil companies are exploiting consumers, Bodman said "we see no evidence of it, but this is one of those situations where I guess I would call it 'trust but verify."'

Bodman pointed to an ongoing probe by the Justice Department and Federal Trade Commission into gasoline prices.

By a show of hands how many of you think that the Justice Department is going to find any evidence of wrongdoing?

Oh you guys are so cynical!