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Sort of apropos of the conversation, I wonder if Cantwell and Insleee want investigations into steel and other commodity prices too:

• April 21, 2008
  
  President George W. Bush
  1600 Pennsylvania Avenue NW
  Washington, DC 20500
  
  Dear President Bush:
  
  With Americans questioning the fairness of record high gas prices, we urge you to
  establish a new interagency Oil and Gas Market Fraud Task Force under the leadership of
  the Department of Justice to ensure that energy markets are free from illegal market
  manipulation and corporate corruption.
  
  Oil and gas are irreplaceable commodities central to our economic prosperity, national
  security, and the health and well being of our citizens. However, with prices for these
  necessities more than tripling since 2002, families, businesses, and hard working
  Americans are struggling to make ends meet with ever shrinking disposable incomes.
  Airlines are going bankrupt and truckers aren’t even getting paid enough to cover diesel
  prices that exceed $4 dollar per gallon. Families have cut back on going out to dinner or
  the mall, further exacerbating our economic downturn.
  
  Congress has received testimony from our nation’s Attorneys General, energy market
  experts, and major oil company executives that the price of oil and gas can no longer be
  explained or predicted by normal market dynamics or their historic understanding of
  supply and demand fundamentals. Earlier this month, an executive from Exxon Mobil
  testified under oath that the price of crude oil should be about $50 to $55 per barrel based
  on the supply and demand fundamentals he had observed. Yet current crude oil prices,
  and crude oil futures, are expected to remain above $100 for the next several years.
  
  In the wake of the Enron and other corporate scandals, you initiated the Corporate Fraud
  Task Force at the Department of Justice as part of your Corporate Responsibility
  Initiative. By aggressively enforcing existing laws and regulations, the Task Force’s
  actions have yielded over 1,200 corporate fraud convictions to date. In addition, the
  Justice Department has obtained more than one billion dollars in fraud-related forfeitures
  and has distributed that money to the victims of corporate fraud. We believe the
  Corporate Fraud Task Force should establish a new Oil and Gas Market Fraud Task
  Force and apply its considerable resources, initiative, and ability to coordinate federal
  agency efforts to help restore consumer confidence that energy prices are fair. We urge
  you to also add the Federal Trade Commission to the interagency Task Force.
  
  The threat of oil and gas market manipulation remains real. For example, in its
  Congressionally directed investigation into gas price increases following Hurricanes
  Katrina and Rita, the Federal Trade Commission found 15 examples of pricing at the
  refining, wholesale, or retail level that fit the relevant legislation’s definition of evidence
  of “price gouging.” In addition, last July, Marathon Oil Corp. agreed to pay a $1 million
  fine to the Commodities Futures Trading Commission to settle charges that its Marathon
  Petroleum Company subsidiary attempted to manipulate crude oil prices in 2003.
  
  As we learned from the 2000-2001 Western energy crisis, energy costs affect all sectors
  of our economy from transportation, to industry and business, to food prices and beyond.
  That electricity crisis took a serious toll on American consumers and businesses, causing
  a 1.5 percent decline in productivity that cost the West 589,000 jobs and a $35 billion
  drop in domestic economic product.
  
  How the federal government responds to the changing dynamics of energy markets is
  vital to our continued national and economic security. As members of Congress that
  aggressively sought consumer relief and accountability following the Western energy
  crisis, we learned that consumers are best protected when energy markets are subject to
  aggressive regulation and enforcement. And unless there is a cop on the beat vigilantly
  policing energy markets, sophisticated companies can fleece consumer pocketbooks
  without fear of penalty. We look forward to working with you to establish an Oil and Gas
  Market Task Force to root out fraud and manipulation in all corners of the oil and gas
  marketplace.
  
  Sincerely,
  
  Senator Maria Cantwell (D-WA) and Congressman Jay Inslee (D-WA-01)