Big Oil Pulls Back From Washington?
Despite a long wish list, the industry is slashing lobbying spending amid the oil downturn.
This famous 1904 political cartoon shows a Standard Oil tank as an octopus with tentacles wrapped a state house, the U.S. Capitol, and one tentacle reaching for the White House.
Artist: Udo J. Keppler via Library of Congress and WikimediaThis article is for subscribers only.
As Americans preparing for Labor Day weekend trips enjoy low gas prices, they might not fail to appreciate another effect of the plummeting price of oil.
It appears to be crimping the style of one of Washington's biggest political players.