CEOs from the nation's biggest oil companies sparred with lawmakers today at a Senate hearing on this year's jump in oil prices and record industry profits. "To my constituents, today's hearing is about shared sacrifices in tough times versus oil company greed," said Sen. Barbara Boxer, D-California. "Working people struggle with high gas prices and your sacrifices appear to be nothing."
YOU GO GIRL!
i luv Barbara Boxer
Sen. Barbara Boxer, D-Calif., criticized the CEOs' pay and bonuses and urged them to make significant personal and corporate contributions to energy assistance programs.
But none of the executives volunteered that they would make personal or corporate contributions to energy assistance programs.
"As Americans, we all feel for those who are less fortunate. We want to make sure they get the energy they need," said Jim Mulva, the CEO of Chevron. "We feel it's not a good precedent for one industry to fund a program as such. We think that's a responsibility of the government."
Two senators at the hearing, Ron Wyden (I luv this guy too), D-Ore., and John Sununu, R-N.H., both said that Congress should look at rolling back tax breaks given to the oil industry in the energy bill earlier this year. Wyden estimated the tax breaks were worth $2.6 billion.
*f-ing price gougers, everyone knows this thing reaks of conspiracy and more bullshit over oil
Last edited by AliceInWonderland; November 9th, 2005 at 01:21 PM.
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