As gas and food prices rise, so does scrutiny of industry profits. But "food and energy companies have learned a lot since the 1970s about how to deal with public indignation," writes George Anders. In 1980, "Congress hit the energy industry with a windfall profits tax" that lasted until 1988. While Congress is holding hearings now, oil executives "are better at deflecting attention from their own companies, arguing that state-owned, foreign oil companies control most of the world's reserves, and that financial speculators" drive price fluctuations. As they prepare to announce their first-quarter 2008 earnings, Exxon Mobil [3] executives are "hammering out possible responses to questions ... about the sheer size of the company's profit." The largest U.S. ethanol producer, Archer Daniels Midland [4], is holding conference calls decrying the "misguided attacks on biofuels," to "avoid being portrayed as the villain in rising farm-product prices." Oil companies "have hired plenty of lobbyists and supported trade groups, such as the American Petroleum Institute [5]. ... Food companies may soon find themselves redoubling similar efforts of their own."