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#121
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Posted to alt.fan.rush-limbaugh,alt.activism,alt.energy,alt.home.repair
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On Apr 6, 8:55 pm, Kurt Ullman wrote:
In article , Kunt Loadturd the returd Kunt with tears falling ****: Blurt Nullman writhed in denials when: Is this the best you can do? Wut a maroon. they don't call it Kunt Loadturd the returd for nothing...it drivels on and on... |
#122
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Posted to alt.fan.rush-limbaugh,alt.activism,alt.energy,alt.home.repair
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On Apr 1, 8:34*pm, wrote:
Oilchiefs say highpricesnot our fault By H. JOSEF HEBERT, Associated Press Writer 1 minute ago WASHINGTON - Don't blame us,oilindustry chiefs told a skeptical Congress. Top executives of the country's five biggestoilcompanies said Tuesday they know record fuelpricesare hurting people, but they argued it's not their fault and their huge profits are in line with other industries. ADVERTISEMENT Appearing before a House committee, the executives were pressed to explain why they should continue to get billions of dollars in tax breaks when they made $123 billion last year and motorists are paying record gasolinepricesat the pump. "On April Fool's Day, the biggest joke of all is being played on American families by BigOil," Rep. Edward Markey, D-Mass., said, aiming his remarks at the five executives sitting shoulder-to-shoulder in a congressional hearing room. "Our earnings, although high in absolute terms, need to be viewed in the context of the scale and cyclical, long-term nature of our industry as well as the huge investment requirements," said J.S. Simon, senior vice president of Exxon Mobil Corp., which made a record $40 billion last year. "We depend on high earnings during the up cycle to sustain ... investment over the long term, including the down cycles," he continued. The up cycle has been going on too long, suggested Rep. Emanuel Cleaver, D-Mo. "The anger level is rising significantly." Alluding to the fact that Congress often doesn't rate very high in opinion polls, Cleaver told the executives: "Your approval rating is lower than ours, and that means you're down low." Several lawmakers noted the rising price of gasoline at the pump, now averaging $3.29 a gallon amid talk of $4 a gallon this summer. "I heard what you are hearing. Americans are very worried about the rising price of energy," said John Hofmeister, president of ShellOil Co., echoing remarks by the other four executives including representatives of BP America Inc., Chevron Corp. and ConocoPhillips. While Democrats hammered the executives for their profits and demanded they do more to develop alternative energy sources such as wind, solar and biofuels, Republican lawmakers called for opening more areas for drilling to boost domestic production ofoiland gas. What would bring lowerprices? asked Rep. James Sensenbrenner of Wisconsin, the committee's ranking Republican "We need access to all kinds of energy supply," replied Robert Malone, chairman of BP America, adding that 85 percent of the country's coastal waters are off limits to drilling. But Markey wanted to know why the companies aren't investing more in energy projects other thanoiland gas -- or giving up some tax breaks so the money could be directed to promote renewable fuels and conservation and take pressure offoiland gas supplies. "Why is Exxon Mobil resisting the renewable revolution," asked Markey, noting that the other four companies together have invested $3.5 billion in solar, wind and biodiesel projects. Exxon is spending $100 million on research into climate change at Stanford University, replied Simon, but current alternative energy technologies "just do not have an appreciable impact" in addressing "the challenge we're trying to meet." The appearance Tuesday before the Select Committee on Energy Independence and Global Warming was not the first time thatoil executives had faced the harsh words of a lawmakers frustrated over their inability to do anything about soaringoiland gasoline costs. In November 2005, executives of the same companies sought to explain high energy costs at a Senate hearing at which Hofmeister emphasized the cyclical nature of his industry. "What goes up almost always comes down," he told the senators on a day whenoilcost $60 a barrel. About six months later, the executives were grilled again on Capitol Hill when a barrel ofoilcost $75. As the three-hour House hearing came to a close Tuesday, the price ofoilsettled at just over $100 a barrel on the New York exchange. "We face a new reality, volatility, highprices, greater competition for resources," said Peter Robertson, vice president of Chevron Corp., adding that he understands that "Americans see the pain" of $100-a- barreloil. Markey challenged the executives to pledge to invest 10 percent of their profits to develop renewable energy and give up $18 billion in tax breaks over 10 years so money could be funneled to support other energy and conservation. They responded that their companies already are spending on alternative energy projects and argued that new taxes would dampen investment and could lead to even higherprices. "Imposing punitive taxes on American energy companies, which already pay record taxes, will discourage the sustained investment needed to continue safeguarding U.S. energy security," said Simon. He said over the past five years Exxon Mobil's U.S. tax bill exceeded its U.S. earnings by $19 billion. Markey was not impressed. "These companies are defending billions of federal subsidies ... while reaping over a hundred billion dollars in profits in just the last year alone," he said. The companies are reaping "a windfall of revenue" while poor people have to choose between heating and eating because of high energyprices. Elsewhere on Tuesday, many independent truckers parked their rigs and others slowed to a crawl on highways to protest high fuelprices. The demonstrations were only scattered, but long lines of trucks were moving at about 20 mph on the New Jersey Turnpike, and three drivers were ticketed for impeding traffic on Interstate 55 outside Chicago, driving three abreast at low speeds. Attacks against oil: Jan 15, 2006 - Nigeria Gunmen attack Shell oil plant in Nigeria UPDATE http://www.forbes.com/work/feeds/afx...fx2450778.html Jan. 26, 2006 - Nigeria Nigerian manhunt after oil attack http://www.kbc.co.ke/story.asp?ID=34690 Feb. 18, 2006 - Nigeria Militants Attack Nigerian Oil Facilities, Seize Nine Foreign Workers http://www.washingtonpost.com/wp-dyn...801294_pf.html Feb. 25, 2006 - Saudi Arabia Car bombers attack Saudi Arabia's oil processing facility http://www.independent.co.uk/news/wo...ty-467625.html Mar. 30, 2006 - Iraq Oil refinery workers gunned down in Iraq http://edition.cnn.com/2006/WORLD/me.../30/iraq.main/ June 7, 2006 - Nigeria Militants attack Nigeria oil field http://www.cnn.com/2006/WORLD/asiapc...ngs/index.html Nov. 27, 2006 - Iraq Mortar attack ignites huge fire at North Oil Co. refinery in Kirkuk fields http://www.iht.com/articles/ap/2006/...ry_Attack..php Dec. 7, 2006 - Nigeria Gunmen attack Nigeria oil export station http://www.boston.com/business/artic...xport_station/ *note: this one is funny, b/c they kidnapped 4 people, and demanded "compensation for environmental pollution") Feb. 14, 2007 - Canada Al-Qaeda calls for attacks on Canadian oil facilities http://www.cbc.ca/world/story/2007/0...da-canada.html *note: not an attack, but confirms the over-all agenda that links all this Apr. 24, 2007 - Ethiopia Scores die in Ethiopia oil attack http://news.bbc.co.uk/2/low/africa/6588055.stm Apr. 28, 2007 - Saudi Arabia 172 oil-attack suspects arrested http://www.iol.co.za/index.php?set_i... 955939C631500 *note: this wasn't an attack, but a busted plot July 10, 2007 - Mexico Mexico rebels claim oil attacks http://news.bbc.co.uk/2/hi/americas/6290222.stm Sept. 11, 2007 - Mexico Second Pemex Attack Rocks Mexico http://www.businessweek.com/globalbi...911_747279.htm Sept. 23, 2007 - Iraq Internal Iraq oil pipeline cut by bomb - police http://www.alertnet.org/thenews/newsdesk/L2349748.htm Oct. 15, 2007 - Iraq Basra oil attack marks dangerous change http://www.upi.com/International_Sec...78/print_view/ Oct. 19, 2007 - Iraq Bombers attack pipelines feeding Iraqi refineries http://www.alertnet.org/thenews/newsdesk/COL944914.htm Nov. 15, 2007 - Nigeria Nigeria hit by new oil pipeline attack http://www.reuters.com/article/lates.../idUSL15695646 Nov. 28, 2007 - Saudi Arabia Saudi arrests 208 militants, foils oil attack http://www.alarabiya.net/articles/2007/11/28/42254.html *note: this wasn't an attack, but a busted plot Dec. 10, 2007 - Iraq Baghdad oil refinery ablaze after rocket attack http://www.forbes.com/markets/feeds/...fx4420406.html Jan. 15, 2008 - Iraq Iraq refinery shut down after mortar attack http://www.alertnet.org/thenews/newsdesk/L15576753.htm Feb. 15, 2008 - USA/Texas Explosion Reported at South Texas Oil Pipeline http://www.foxnews.com/story/0,2933,330799,00.html *note: this may or may not be intentional/terror-related Feb. 28, 2008 - Nigeria Oil prices climb back above US$100 a barrel after attack on Nigerian oil facilities http://www.iht.com/articles/ap/2008/...Oil-Prices.php Apr. 21, 2008 - Nigeria Oil production cuts in Nigeria following attacks http://biz.yahoo.com/ap/080421/niger...rest.html?.v=2 Apr. 21, 2008 - Yemen Oil Market Rattled by Attack on Tanker http://www.nytimes.com/2008/04/22/wo...html?ref=world |
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