Politics > Politics-USA > "Oil companies have hooked their hose up to the pocketbooks of American citizens"
| Topic: |
Politics > Politics-USA |
| User: |
"Harry Hope" |
| Date: |
18 Apr 2006 04:18:44 PM |
| Object: |
"Oil companies have hooked their hose up to the pocketbooks of American citizens" |
http://www.rawstory.com/news/2006/Democratic_senator_wants_SEC_investigation_of_0418.html
Democratic senator wants SEC investigation of ExxonMobil's $400m
'retirement package'
RAW STORY
Tuesday April 18, 2006
Democratic Senator Byron Dorgan (D-ND) said ExxonMobil CEO Lee
Raymond's $400 million retirement package is a "shameful display of
greed" and said oil companies have "hooked their hose up to the
pocketbooks of American citizens and are sucking money from ordinary
Americans into the treasury of the giant oil companies," RAW STORY has
learned.
In a statement, Dorgan said he wants the Securities and Exchange
Commission to investigate the deal, and wants ExxonMobil called before
Congress "to explain their actions."
Dorgan is a member of both the U.S. Senate Commerce Committee and the
Energy Committee.
"These major oil companies have hooked their hose up to the
pocketbooks of American citizens and are sucking money from ordinary
Americans into the treasury of the giant oil companies," he said in a
statement.
"The result is that Exxon reported the highest profit in the history
of corporate America last year. Today we read that while farmers
struggle to pay the fuel bills and drivers are paying painful prices
to fill their gas tanks the oil companies are rolling in cash and
their retired executives are getting obscene retirement benefits."
Dorgan adds that he wants ExxonMobil to appear before the Senate
Commerce Committee to explain how a corporation justifies giving a
retirement package worth nearly half a billion dollars to one
individual.
He said the SEC also needs to investigate the arrangement which
appears to shortchange ExxonMobil stockholders.
More from Dorgan's release
#
"There can be no more compelling evidence that the price gouging and
market manipulation which has produced record oil prices is out of
control, and is working to serve the forces of individual greed and
corporate gluttony at the painful expense of millions of American
consumers," Dorgan said.
He noted when oil prices were at the $40 per barrel level, oil
companies were reporting then-all time record profits.
Instead of investing those windfall profits in things that would
increase domestic energy supplies and thereby tamp down prices, "they
are simply choosing to take the money and run," Dorgan said.
"I think a sensible public policy would insist that the big oil
companies either invest those windfall profits in things that will
increase our own domestic energy supplies, or we should return some of
that money to consumers. Using them to drop $400 million dollars in
the pocket of a big oil executive is simply unacceptable."
In November of last year, Dorgan forced a U.S. Senate vote on a
windfall profits rebate plan.
The plan applied only to the major integrated oil companies, and would
have imposed a 50% windfall profits tax on oil company revenue derived
from sales of oil at more than $40 per barrel.
Windfall profits invested to boost domestic energy supplies would have
been exempt from the tax.
Revenues collected by the tax would have been rebated to consumers.
The measure was defeated.
Dorgan said he intends to try again.
"I don’t think the Congress can continue to ignore what’s going on,"
Dorgan said Tuesday.
__________________________________________________________
How do ya like being hosed by major oil thieves?
Harry
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| User: "SheBlewHimDidYouBlowHim" |
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| Title: Re: "Oil companies have hooked their hose up to the pocketbooks of American citizens" |
18 Apr 2006 04:56:49 PM |
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KILL THESE ***** OIL COMPANY EXECUTIVES
PUT ME IN CHARGE OF THIS COUNTRY, I WILL KILL THESE ***** CEOS.
HEY BUSH, YOU USELESS PILE OF *****, LOWER THE ***** PRICE OF OIL AND I
MEAN NOW YOU GOPDDAMN FUCKING *****.
SAVE AMERICA, KILL A REPUBLICAN TODAY
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| User: "Jik Bombo" |
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| Title: Re: "Oil companies have hooked their hose up to the pocketbooks of American citizens" |
19 Apr 2006 09:17:32 AM |
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"SheBlewHimDidYouBlowHim" <killgod@killgod.com> wrote in message
news:Bgd1g.5717$Es3.99@newsread3.news.atl.earthlink.net...
Good old leftist politics:
KILL . . . . . KILL . . . . . . KILL
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