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Posted AT 1:32 PM EST on 21/05/08

Oil executives defend high profits

H. JOSEF HEBERT

The Associated Press

WASHINGTON — Top executives of the five largest oil companies tried to shift anger over high prices to a debate over supplies Wednesday, leading a senator to accuse them of acting like “hapless victims” while racking up record profits. Patrick Leahy, D-Vt., told the executives there's “a disconnect” between normal supply and demand and the skyrocketing price of oil — surpassing $130 (U.S.

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