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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (1114)	7/31/2008 1:42:38 PM
From: Brumar89	Read Replies (1) \| Respond to of 86352

Saying someone who defends Democratic Congressmen and demonizes the Republican party is a Democrat is simply accurate labeling imo. Accusations of alleged superiority feelings, just like the accusations of calling people who "disagree with anything the Republicans say" unpatriotic are false straw men arguments. being Republican wasn't synonymous with having to favor the oil industry. In todays world, most of the current Democratic party and some of the Republican party actively demonizes the oil industry. OIl executives are regularly summoned to Washington by hostile Senators and Congressmen to sit through show hearings. That happened when the Republicans controlled Congress and it still does. nytimes.com nytimes.com venturacountystar.com money.cnn.com Hearing on the House Select Committee of Energy Independence and Global Warming - 4/1/2008 Congress grilled Big Oil in a two and half hour long hearing. Chairman Markey suggested that the oil companies invest 10% of their earnings in renewables. Stephen Simon of Exxon was questioned a number of times about Exxon’s low rate of investment in renewable energy as well as a statement that Exxon-Mobil had paid more in taxes then it had earned. ..... However, this is not the first time that the oil executives were brought into Congress to defend the record profits their companies have been making. Similar hearings were had on April, 1, 2007, March 15, 2006, and November 9, 2005, but had no effect on slowing the increase on gasoline and diesel prices. energy.maryland.gov Being employed in the industry a long time, I recall the years of price crashes, massive layoffs, disappearing profits. I don't recall any Congressional hearings on the plight of the oil industry in those days though.