Those Barons of Greed seemed mighty foolish today, arguing to keep their Oil Subsidies -- when their own words from 5 years ago -- said those Subsidies would NOT be needed, if the price of Oil would only rise some ...
Big Oil Hearing: Wyden Shows 2005 Footage of Execs Against Handouts
http://youtu.be/...
Do Americans Want 'Shared Sacrifice? Big Oil Exec Says No
By Matt Jaffe and Arlette Saenz, abcnews -- May 12, 2011
[...]
Sen. Ron Wyden, D-Ore., pointed to a 2005 hearing where the CEOs of the major oil companies said incentives were not needed for oil and gas companies to conduct exploration.
"Conditions today were pretty much like they were in 2005," Wyden said. "I just can't understand how even if you account for all the possibilities in the world how you can make the case that you need these industry-specific incentives when oil is at $10 a barrel when you told me you didn't need them at $55."
But the oil executives clung to the belief that cuts to their tax subsidies would be unfair and would stifle job creation and economic growth.
Unfair -- to their mortgage payments for the Swiss Chalets, in the Alps, perhaps ...
The unchecked Greed of Corporate selfishness, was put on display by the sharp questioning of Jay Rockefeller, today too ...
Oil execs grilled over government handouts
Andrew Schenkel, Mother Nature Network -- May 12 2011
Jay Rockefeller says the executives are out of touch
[...]
He continuously told the executives that he thought they were âout of touch with everyday Americans.â Rockefeller (D-W.V.) didnât stop there. âThe whole concept of sharing makes you guys threaten to move to another country," he said. "I donât buy it. You are all out of touch with the American people.â Rockefeller then took another jab at the executives saying, âYou have no idea what your profits really are.â
President Obama also, makes the case for redirecting those unnecessary Oil Subsidies, to instead invest in electric cars and clean energy, so we can one day break free from the high prices that Big Oil continues to bring us, in exchange for those Subsidies...
http://www.cbsnews.com/...
Obama tackles rising gas prices
At a CBS News town meeting at the Newseum in Washington, D.C., President Obama responds to an audience members' concerns over rising gas prices.
CBS News continues with a story on those RECORD OIL PROFITS:
And the Democratic Senators, sensing a rare opportunity, have put together a clip of their own,
asking the GOP ... if they have the guts to end the Oil Subsidies ...
democrats.senate.gov
http://www.youtube.com/...
Of course those Guardians of Greed -- that IS the GOP
are NOT about to make the Oil Barons of Profitville ever, ever, EVER pay their share in "the sacrifice" that is simply a Fact of Life in America these days.
Nevermind that the largest part of our shared sacrifice, is largely DUE TO an unpaid for War
-- a War which was largely 'a strategic war' ... FOR OIL.
Nevermind THAT sacrifice, Oil Execs -- Cheney and GOP still got your back. Isn't that an 'Exceptional' arrangement for you guys, eh? You could say it was Priceless ...