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Wednesday, May 21, 2008

US Senators Question Big Oil Executives

By H. JOSEF HEBERT--Associated Press

WASHINGTON - On a day oil prices leaped to unheard-of highs, senators lined up Big Oil's biggest executives and pummeled them with complaints that they're pretending to be "hapless victims" while raking in record profits.

"Where is the corporate conscience?" Sen. Dick Durbin, D-Ill., asked the top executives of the five largest U.S. oil companies.

"Is there anybody here that has any concerns about what you're doing to this country with the prices that you're charging and the profits that you're taking?" Durbin asked.

Read more in this AP article in PhillyBurbs.

Anonymous said...

I read another article on this matter last night...just unbelievable.

As far as I am concerned these executives DO NOT CARE, they are all making more money than ever and have been since the war in Iraq started. These men are raping the USA and the sad part about it is our government has sat back and allowed this to happen.

The Federal Government can pinch any business by regulating them to death and the president can step in and step up to get a handle on this matter. Guess what, not gonna happen.

I'd keep wasting tax payer dollars by inviting the executives to Washington to explain their record breaking profits to, DUH! Start auditing their asses to death like you do every other business in the USA!
Vicki Sherwood

Anonymous said...

i recently watched a news interview with exxon's ceo he basically said that they would keep raising the price of gas as long as they wanted because even if more people start using public transportation us poor bitter,bible thumpin,gun totin,(which OBAMA wants to take away)people who live in rural areas still have to drive to get anywhere. it is time to wake up and
let government know that we are not going to stand for this anymore
by excersising your right to VOTE.
alvin

Anonymous said...

What bothers me more is that these congressmen sit in judgment of these oil companies while at the same time restricting the exploration and drilling for oil so that we wouldn't have to be so dependent on foreign oil. And how much of that gallon price of gas is federal & state taxes? I say ease up on the regulations and lower the taxes.


Joel R. Zink said...

Whatever happened to "Laissez Faire", right? I understand your point, Ms. Sherwood, and furthermore, I agree with it.

As I was thinking about the state of our economy, it occurred to me that a lot of our problems come from extreme over-regulation. To put it simply, our economic system is no longer a free-market system.

That's not good.

Joel R. Zink

5 comments :

Anonymous said...

I read another atricle on this matter last night...just unbelievable.

As far as I am concerned these executives DO NOT CARE, they are all making more money than ever and have been since the war in Iraq started. These men are raping the USA and the sad part about it is our government has sat back and allowed this to happen.

The Federal Government can pinch any business by regulating them to death and the president can step in and step up to get a handle on this matter. Guess what, not gonna happen.

I'd keep wasting tax payer dollars by inviting the executives to Washington to explain their record breaking profits to, DUH! Start auditing their asses to death like you do every other business in the USA!
Vicki Sherwood

Anonymous said...

i recently watched a news interview with exxon's ceo he basically said that they would keep raising the price of gas as long as they wanted because even if more people start using public transportation us poor bitter,bible thumpin,gun totin,(which OBAMA wants to take away)people who live in rural areas still have to drive to get anywhere. it is time to wake up and
let government know that we are not going to stand for this anymore
by excersising your right to VOTE.
alvin

Anonymous said...

What bothers me more is that these congressmen sit in judgment of these oil companies while at the same time restricting the exploration and drilling for oil so that we wouldn't have to be so dependent on foreign oil. And how much of that gallon price of gas is federal & state taxes? I say ease up on the regulations and lower the taxes.

Joel R. Zink said...

Whatever happened to "Laisse Faire", right? I understand your point, Ms. Sherwood, and furthermore, I agree with it.

As I was thinking about the state of our economy, it occurred to me that a lot of our problems come from extreme over-regulation. To put it simply, our economic system is no longer a free-market system.

That's not good.

Joel R. Zink

Joel R. Zink said...

Correction: "Laisse Faire" to "Laissez Faire".