Oil Company Welfare Queens on CSPAN-3 begging Congress not to cut off their benefits.....

[marmar]

Asserting that a removal of their tax breaks won't allow them to keep their profit margins "in line" with other industries.:argh:


Oil CEOs and Price Issues
Today

House Select Energy Cmte. Chairman Edward Markey (D-MA) brings top-level executives from the five largest oil companies to discuss the current state of oil & gas prices, renewable fuels, and pollution.

:00 PM EDT
4:00 (est.) LIVE
House Committee
Oil Price Issues
Select Energy Independence and Global Warming
Edward J. Markey , D-MA

http://inside.c-spanarchives.org:8080/cspan/schedule.csp?

[HCE SuiGeneris]

1. Also available here, BP Exec testifying now...

http://www.c-span.org/watch/cspan3_rm.asp?Cat=TV&Code=CS3

[islandmkl]

2. screw big oil....

"Asserting that a removal of their tax breaks won't allow them to keep their profit margins "in line" with other industries."

I WANT ONE OF THOSE 'OTHER INDUSTRIES'....

are they the ones breaking our f***ing wallets, too?

[pbca]

3. The Oil Co.s will be fine : They'll just raise prices n/t

[samdogmom]

4. Love your post title!

It cuts right to the core of Corporate Welfare--which any serious advocate of "welfare reform" must also consider!

[liberalla]

5. That's what I was going to say!

Marmar! That is a great thread title!

We need to remember it, use it, and spread it far and wide!

[DCKit]

6. I had a thought when I woke this morning...

Why hasn't asked the Oil execs how much profit the private gas station owners are enjoying from this windfall? Being on the front lines and taking it from angry consumers on one side and exploitative gas companies on the other, shouldn't they also be enjoying record profits for their efforts?

If anyone "suffered" through periods of cheap oil, it was the small business owners. How are they being compensated?