Oil Companies Defend Large Profits Before Senate Judiciary Committee

Discussion in 'The Powder Keg' started by Marine1, May 22, 2008.

  1. Marine1

    Marine1 G&G Newbie

    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 a barrel even as the oil leaders testified — that the industry has yet to explain.

    FOXNews.com - Oil Companies Defend Large Profits Before Senate Judiciary Committee - Politics | Republican Party | Democratic Party | Political Spectrum
     
  2. Additional $3 billion

    News on the radio about 1:00 A.M. stated if prices remain where they are today American consumers will fork over another $3.0 billion
    (yes, billion) to big oil this year beyond what they forked over for the last calendar year.

    Let us get real. Let us aim the War on Terror toward big oil.
    Let us have a victory for the middle class.