Gas Prices Rise, Execs Face Congress

AP: As gas prices continue to break records, oil company executives are facing hard questions from Congress about record profits.

May 22, 2008 at 12:53 pm - AP
Dateline: Washington, D.C.
Wade in So. Cal.   May 22nd, 2008 - 3:27 pm

The hypocrisy of these senators is amazing. While these five oil companies did report record profits, they are comparable with other industries at around 7% of revenues. The hypocrisy becomes evident when one understands that the Federal government collected about $28 Billion in income taxes from these same five oil companies in the same fiscal quarter that the companies reported $36 Billion in net profits. The federal government also took in another $6.3 Billion in federal excise taxes on the gasoline and diesel that was pumped during the same quarter. The corporations that find, refine, and distribute the fuel that we consume are evil, uncaring, devils that don’t care about the pain they are causing while stuffing their pockets with $36 billion. The government that collected $34.3 billion in taxes off the backs of hard working Americans while producing or providing very little in exchange is … benevolent? Virtuous? Hypocritical?

Muck Fexico II   May 22nd, 2008 - 7:13 pm

Wade in So. Cal. YOU ARE TOTALLY CORRECT….and the do not give a rats A$$ about US nor anyone else. And the root of the problem goes tot he origins of the oil. Do you remember when the originators …20-30 years ago had more money than God…………..and that was when a barrel of oil was 35.00 a barrel…..NOW THAT IT IS $135.00 a barrel…….WE – YOU and the RETARDED AMERICAN PUBLIC just don’t get it> The Muslins will doom the infidels. When will settle in.SOMETHING HAS TO BE DONE. And everyone is crying….we took Iraq for il…..WITF is the oil then??? Damn sure is not down the street as the gas station.

student1776   October 19th, 2009 - 10:36 pm

The more the Congress debauches the dollar the higher oil prices and all the rest will go. Oil prices are flat relative to gold.

jerry   October 22nd, 2009 - 11:51 am

The government makes three trillion dollars of tax money, when you count fuel tax, road tax, income tax,excise tax,etc., off every part, of every step, and still want more.

TREASON should be charged against every one, not working to keep America free, in all steps through all governments!

Jimmy Hates Congress   March 1st, 2010 - 10:13 pm

And if these Execs lowered profits to 1 percent and cost all those pension funds billions of dollars, these same morons would be calling these people before them again to find out why they aren’t performing well enough to keep their Union Buddies Pensions stable!

I think I am going to try to act this way at my job. Oh wait, I would probably be fired, no I think I would be committed or arrested.

COMMANDER   May 25th, 2010 - 12:22 pm

INPEACH OBAMA ,Barack Hussein Obama people have no idea of the extent to which they have to be gulled in order to be led.” “The size of the lie is a definite factor in causing it to be believed, for the vast masses of the nation are in the depths of their hearts more easily deceived than they are consciously and intentionally bad. The primitive simplicity of their minds renders them a more easy prey to a big lie than a small one, for they themselves often tell little lies but would be ashamed to tell a big one.” “All propaganda must be so popular and on such an intellectual level, that even the most stupid of those towards whom it is directed will understand it. Therefore, the intellectual level of the propaganda must be lower the larger the number of people who are to be influenced by it.” “Through clever and constant application of propaganda, people can be made to see paradise as hell, and also the other way around, to consider the most wretched sort of life as paradise. “pelosi don’t see much future for the Americans … it’s a decayed country. And they have their racial problem, and the problem of social &^% …obama feelings against Americanism are feelings of hatred and deep repugnance … everything about the behaviour of American society reveals that it’s half &^%, and the other half &^& How can one expect a State like that to hold TOGTHER.They include the angry left wing bloggers who spread vicious lies and half-truths about their political adversaries… Those lies are then repeated by the duplicitous left wing media outlets who “discuss” the nonsense on air as if it has merit… The media’s justification is apparently “because it’s out there”, truth be damned ,the commander TO THE WEAK-KNEED REPUBLICANS AND DEMOCRAT

COMMANDER   May 25th, 2010 - 12:22 pm

TO ALL THE COMMUNIST IN THE IG,FBI,CIA,AND U.S. Senators and the left wing media outlets ,President Barack Hussein Obama threatens friends and bows to enemies, INPEACH OBAMA THE COMMUNIST ,GOD OPEN YOUR EYES.///For us there are only two possiblities: either we remain american or we come under the thumb of the communist OBAMA. This latter must not occur; TO THE WEAK-KNEED REPUBLICANS AND DEMOCRAT .THE COMMANDER /REPOST THIS IF YOU AGREE!!

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