Image: Power Up AmericaCross-posted from the Center for American Progress. The Occupy Wall Street protests are focusing Americans' attention on the fact that power is increasingly consolidated into the hands of very few individuals and corporations. This is especially true in the energy sector. Two weeks ago, the country's five largest oil companies -- BP, Chevron, ConocoPhillips, ExxonMobil, and Royal Dutch Shell -- released their third-quarter profits and once again revealed that high gas prices are bad for consumers but great for Big Oil, which pulled in a staggering $101 billion in profits during the first nine months of 2011. …
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Kate Gordon is the Vice President for Energy Policy at American Progress. Most recently, Kate was the co-director of the national Apollo Alliance, where she still serves as senior policy advisor.