Democrat Senators Screw Up…Blame Oil Company Executives

• May 22, 2008

This is some of the most disgusting behavior I’ve seen in 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.
“People we represent are hurting, the companies you represent are profiting,” Sen. Patrick Leahy, D-Vt., told the executives. He said there’s a “disconnect” between legitimate supply issues and the oil and gasoline prices motorists are seeing.
“‘Current up cycle,’ that’s a nice term when people can’t afford to go to work” because gasoline is costing so much, replied Leahy with sarcasm.
This time the exchanges got personal.
Simon was asked what his total compensation was at Exxon, a company that made $40.6 billion last year. Simon replied it was $12.5 million.
Sen. Arlen Specter, R-Pa., noting that Exxon’s profits had nearly quadrupled from $11.5 billion in 2002, said he had heard nothing from the oilmen that would explain “why profits have gone up so high when the consumer is suffering so much.”
You have “just a litany of complaints that you’re all just hapless victims of a system,” Sen. Dianne Feinstein, D-Calif., told the executives. “Yet you rack up record profits … quarter after quarter after quarter.”
One senator after another cited the pain that high energy prices are causing farmers, small businesses and people trying to find a way to afford a vacation trip this summer.
“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.

What a bunch of jerks. We have a shortage of petroleum and the price has gone up. If there’s one group in the country that’s responsible for that shortage it would be these same senators. Who’s done everything they can do to block development of ANWR, the nations largest reserve of oil? Who just voted not to develop oil shale in Colorado? Who voted not to allow oil from the sands in Canada to be used by the military? Who’s blocking new oil refineries? Who’s blocking development of off shore oil finds?
When are the American people going to wake up? Gasoline is at $3.80 today. The American people need to tell these Democrats that their diversion isn’t working, we know who’s fault it is.
Energy development should be an huge issue in the coming election. Unfortunately the Republican nominee is a fellow traveler with these Democrats.
You know one of the things that the left always hectors us about is manufacturing jobs being sent overseas. Well how much stuff CAN we make when we have an oil and electricity shortage. Manufacturing needs energy. A business won’t invest money when they don’t know how high these lefties are going to push their costs up.
There’s so many reasons why we need a pro-growth energy policy. Now one of them, the price of gas, is squeezing everyone. Let’s get after these goofballs in Washington and tell them to quit screwing things up.
For our North Dakota readers, Byron Dorgan and Kent Conrad are as bad as it gets on energy development (outside the state that is.) The high price of gasoline is as much their fault as anyone else’s. Let them know to back off, we can’t afford their goofy ideals.

Tags: Domestic Issues

http://SayAnythingBlog.com The_Whistler_ofnd

By the way, particularly in refining the government’s blocking new refineries is enriching the refiners by artificially cutting supply.

They aren’t too unhappy about that. On the other hand other people who are locked out would be building to get rich themselves.
tommy

Change is the biggest problem for americans in finding a solution to oil prices. I served in the military for 11 yrs, holy crap does Change and the Government not go well together. People are lazy by nature, they also follow the government like sheep, doing whatever it tells them. It’s time for this country’s people to pull its head out, and figure out tough solutions for these tough times we are about to face. 5,6, maybe 12 dollars a gallon gas. I suggest people watch “Who killed the electric car” and “No end in sight”. One talks about company’s not willing to change and the government helping them not change, the other about the war in iraq. 24 dollars a barrel before the war, now 133 a barrel.
http://www.fileitunder.com/ Rob B.

Just wait, Hurricane season is coming. I see $150 a barrel in tne not so distant future.
http://www.valleydeals.com/cgi-bin/board2/YaBB.pl Kevin

It’s the typical dog and pony show put on by unscrupulous politicians in an attempt to mollify the masses.
http://www.vacationrentalhotspots.com/ prasala

Though people are aware of many things ,sometimes they are made as fools by the Politicians.What to do? Can we in a position to avoid it? Any ways ,The way the author has reviewed on the topic sounds good.We can do only review it not more than that.
http://sayanythingblog.com/ likwidshoe

But the “reality based” solution is to bitch, whine and moan about high prices while blocking all efforts at securing new supply.
robert108

Or: “Congress could lower the pump price by about a dollar a gallon by simply eliminating the ethanol subsidies and mandates. You can do that today.”
Fred

It’s all pointless bullshit and political theatre. We’re too late to fix the problem by at least 30 years. There are no near or medium term alternatives to oil and other fossil fuels, that include the current global population and lifestyle, let alone future growth. The worlds political, business, and religious leaders know this but cannot admit to it because of the obvious consequences. In short, inexpensive, high density energy – oil – is the sap in the tree of modern life. When it stops flowing, the tree stops growing and possibly even dies.

The goal is to be the last man (Nation) standing, because that’s who will be able to pick up the pieces and start over. It’s going to get very ugly, people.
robert108

The proper answer is: “For the past thirty-some years, the Federal govt has been rigging the oil market to favor the use of foreign oil, and today’s gas prices are the consequence of that policy.”
Neiman

The Federal Government makes much more money per gallon than the oil companies make in profits per gallon. I don’t have the figures in front of me, but I think the federal government makes 2-3 times more per gallon than the oil companies profits per gallon. When you take federal, state and local taxes in Calfornia, the government makes about $0.68 cents per gallon of gas. In other words, take away all the taxes and the price per galon here would be about $3.20 per gallon or less.
http://SayAnythingBlog.com The_Whistler_ofnd

Actually the important thing is $2.00 gas when the Democrats took control of the Congress and $3.80 now.

OK that’s not really the cause, but it makes more sense than you do Tommy.
http://www.vacationrentalhotspots.com/ prasala

Though people are aware of many things ,sometimes they are made as fools by the Politicians.What to do? Can we in a position to avoid it? Any ways ,The way the author has reviewed on the topic sounds good.We can do only review it not more than that.

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Democrat Senators Screw Up…Blame Oil Company Executives

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