Oil Execs Lie about prices as usual
They're just victims, these poor abused and accused oil company executives, victims of the liberal media, liberal government, abortionists and terrorist environmental groups.
"We need U.S. energy companies that have the scale and financial strength to make investments, undertake the risk and develop the new technologies," argued Rex Tillerson, chairman of Exxon Mobil Corp., the world's largest publicly trade oil company, which reported $36 billion in profit last year.
Of course you do, especially when you already have the entire federal government, including the military working, on your behalf. Of course, buying a government does take bucks. And connections. Just ask the Saudis. Or ask Halliburton.
John Hofmeister, president of Shell Oil Co., said that despite the size of the major oil giants "this remains a highly competitive industry." He said as an example Shell's gasoline brand has only a 12 percent market share nationwide and that 90 percent of its stations are owned by independent retailers.
Hmmm, yes, very competitive indeed. About like the media and the telephone companies.
See how those independents keep stomping all over our little, hard working oil execs?
In 2004, the five largest refiners controlled 56 percent of the gasoline refined in the United States and the 10 top companies controlled 85 percent, according to a study by Public Citizen, a private advocacy group.
But I guess that isn't BIG ENOUGH to make the appropriate investments. I hear they're planning to take over the moon and Mars soon. That means grabbing NASA. Costly. Costly.. Just wait until adjunct industries put missiles in space. The taxpayer pockets will be turned inside out forever.
Judiciary Committee Chairman Arlen Specter, R-Pa., said he hopes to soon consider legislation to strengthen antitrust laws on oil company mergers to allow closer scrutiny of their impact on competition.
Oh yes, Arlen Spector, the left wing of the repigliKKKan party, daring to suggest any corporation be held accountable for any thing in any way, even through the simple act of reviewing its impact on public life. He doesn't mean it. However, he may still get spanked for it considering the nazi party runs Washington
The legislation also would make it illegal for companies to hold back refining crude oil -- or diverting or exporting refined products such as gasoline -- when supplies are short in a region in order to hold up prices. Some refiners in the past have been accused of diverting supplies despite supply shortages in a region.
How about those refineries around New Orleans? By the way, who is paying for the oil company fixer ups Katrina made necessary? And what kind of cracker calls their pipeline a "plantation"?
"It isn't illegal just to be big," said Sen. Mike DeWine, R-Ohio, chairman of the Judiciary antitrust subcommittee. "What is not legal is when a company abuses its size or uses unfair tactics to shut out its competitors or harm competition."
No, but it OUGHT TO BE, if any of these narcissists gave even a drop of sweat for the public trust. And both parties suck. The Dimocraps kicking Paul Hackett out of the race may guarantee 6 more years of creepy sociopath Dewine.
State prosecutors from California and Wisconsin testified that current federal antitrust laws hinder prosecution for price gouging and excessive concentration in the refining and retail oil and gas industry.
Schumer criticized the "rubber stamp mentality" of the Federal Trade Commission in its approval of oil mergers.
How about in all mergers? And how about that Supreme court? Can individuals ever get any rights now that the crooks and liars in government have turned over the status of personhood and all our rights to these corporations?
In addition to Tillerson and Hofmeister, the oil executives appearing before the committee were James Mulva, chairman of ConocoPhillips; David O'Reilly, chairman of Chevron Corp.; Bill Klesse, chief executive of Valero Energy Corp.; and Ross Pillari, president of BP America Inc.
I bet there was an exceedingly bad smell in there. With all those rotten bastards in one place there is bound to be a terrible odor of decay.
"We need U.S. energy companies that have the scale and financial strength to make investments, undertake the risk and develop the new technologies," argued Rex Tillerson, chairman of Exxon Mobil Corp., the world's largest publicly trade oil company, which reported $36 billion in profit last year.
Of course you do, especially when you already have the entire federal government, including the military working, on your behalf. Of course, buying a government does take bucks. And connections. Just ask the Saudis. Or ask Halliburton.
John Hofmeister, president of Shell Oil Co., said that despite the size of the major oil giants "this remains a highly competitive industry." He said as an example Shell's gasoline brand has only a 12 percent market share nationwide and that 90 percent of its stations are owned by independent retailers.
Hmmm, yes, very competitive indeed. About like the media and the telephone companies.
See how those independents keep stomping all over our little, hard working oil execs?
In 2004, the five largest refiners controlled 56 percent of the gasoline refined in the United States and the 10 top companies controlled 85 percent, according to a study by Public Citizen, a private advocacy group.
But I guess that isn't BIG ENOUGH to make the appropriate investments. I hear they're planning to take over the moon and Mars soon. That means grabbing NASA. Costly. Costly.. Just wait until adjunct industries put missiles in space. The taxpayer pockets will be turned inside out forever.
Judiciary Committee Chairman Arlen Specter, R-Pa., said he hopes to soon consider legislation to strengthen antitrust laws on oil company mergers to allow closer scrutiny of their impact on competition.
Oh yes, Arlen Spector, the left wing of the repigliKKKan party, daring to suggest any corporation be held accountable for any thing in any way, even through the simple act of reviewing its impact on public life. He doesn't mean it. However, he may still get spanked for it considering the nazi party runs Washington
The legislation also would make it illegal for companies to hold back refining crude oil -- or diverting or exporting refined products such as gasoline -- when supplies are short in a region in order to hold up prices. Some refiners in the past have been accused of diverting supplies despite supply shortages in a region.
How about those refineries around New Orleans? By the way, who is paying for the oil company fixer ups Katrina made necessary? And what kind of cracker calls their pipeline a "plantation"?
"It isn't illegal just to be big," said Sen. Mike DeWine, R-Ohio, chairman of the Judiciary antitrust subcommittee. "What is not legal is when a company abuses its size or uses unfair tactics to shut out its competitors or harm competition."
No, but it OUGHT TO BE, if any of these narcissists gave even a drop of sweat for the public trust. And both parties suck. The Dimocraps kicking Paul Hackett out of the race may guarantee 6 more years of creepy sociopath Dewine.
State prosecutors from California and Wisconsin testified that current federal antitrust laws hinder prosecution for price gouging and excessive concentration in the refining and retail oil and gas industry.
Schumer criticized the "rubber stamp mentality" of the Federal Trade Commission in its approval of oil mergers.
How about in all mergers? And how about that Supreme court? Can individuals ever get any rights now that the crooks and liars in government have turned over the status of personhood and all our rights to these corporations?
In addition to Tillerson and Hofmeister, the oil executives appearing before the committee were James Mulva, chairman of ConocoPhillips; David O'Reilly, chairman of Chevron Corp.; Bill Klesse, chief executive of Valero Energy Corp.; and Ross Pillari, president of BP America Inc.
I bet there was an exceedingly bad smell in there. With all those rotten bastards in one place there is bound to be a terrible odor of decay.
posted by TheFuriousGourmet | 4:06 PM
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