Top Oil Execs Get No Pity In Senate - Automotive News Story - W...

Big oil executives faced some tough questioning on Capitol Hill, as they defend company profits.

[Thomas Wayne]

I drive 100 miles a day just to work and home. I cannot afford to pay my bills because of the price of gas. The oil companies are to blame as well as the war. How much money has the Bush family made on gas prices? This question is never brought up and I would like an answer.

[Get Real]

Thomas Wayne wrote:

I drive 100 miles a day just to work and home. I cannot afford to pay my bills because of the price of gas. The oil companies are to blame as well as the war. How much money has the Bush family made on gas prices? This question is never brought up and I would like an answer.

Don't you think driving 100 miles a day is excessive!? Don't you realize you are contributing to massive urban sprawl and green house gas emissions because you chose to live 100 miles away from work?

[Larry]

I say screw the government. What have they did for us,, oh the nice rebate check that just going to go into the oil companies pockets. I say we boycott the election coming up to show our discute with government. Just my 2 cents

[beatty]

Not all of us can control where we live relative to where we work. If I could walk to work, I would, but I can't afford to live near my work. And there's really nothing near where I live. Don't be so high and mighty judgmental about where people live and what they drive. Some of us are stuck with what we have and where we are.

It's not the people's fault for gosh sakes. It's these fat executives who refuse to see that making a 12 million dollar salary is just swell, while many of us can spend 10 dollars a week to just put enough gas in the car to get to work.

This is a nonpartisan FAULT. No one has the gonads to do anything.

[Anonymous]

I believe on the senate floor yesterday the average CEO's of the oil companies were around 32 mil. How can they complain, they can afford the gas. All they are is filthy slobs that take advantage of consumers. Maybe they should spread the wealth and stop defending their ppositions. How sad that the rich get richer and they poor get poorer due the these s***bags.

[Corey]

How many times do I have to post how much congress and the senate do nothing? They can bring Roger Clemons up on charges but cant get the oil companies to budge. Words do nothing in 2008. Bush showed everyone that actions combat words. This war is more than physical in Irag and Afghanastan. Bush went to the Sheik and asked for him to produce more barrels of oil. He said no. Why? Our foreign policy. This is how we are all soliders and a part of this war. The terrorists are hitting our pockets and lifestyle rather than trying to blow us up.

[Factnut]

Stop the dog and pony show-

either drill for domestic oil or say we won't due to man made global warming.

its one or the other.

For the Dems its saving mother earth before feeding our kids.

[GoodNewz]

stop all of the whining about the fat oil executives: it is supply and demand, folks. the oil companies make about as much profit as other industries. the folks in congress just want a whipping boy for their ineptitude in not going after more domestic sources of oil.

[This is BS]

GoodNewz wrote:

stop all of the whining about the fat oil executives: it is supply and demand, folks. the oil companies make about as much profit as other industries. the folks in congress just want a whipping boy for their ineptitude in not going after more domestic sources of oil.

Where is the DEMAND. We have not increased our usage of oil. I feel the oil RICH countries OWE us alot for PROTECTING there sorry asses over the years. Maybe we should just go over and TAKE it. How can a charge between 18cents and 80cents for gas in that region and we charge 4 dollars for the same gas, can someone explain this to me ???

[Joao Pessoa]

GoodNewz wrote:

stop all of the whining about the fat oil executives: it is supply and demand, folks. the oil companies make about as much profit as other industries. the folks in congress just want a whipping boy for their ineptitude in not going after more domestic sources of oil.

Exactly. People seem to have zero economic understanding. The price of oil is going up. Gas companies don't control the price of oil. If the price of oil is going up then it cost the oil companies more $$$ to buy petroleum to refine into gasoline or diesel. Why the price of oil is going up is a whole other story. Oil countries could give a rat's ass about consumers. Most of the oil we import is for our industries not to refine into gasoline. People are so stupid that they think boycotting gas stations would some how stick it to the gas CEOs. It really is too late to do anything now with regards to gasoline. Even if we could bypass all the environmental nazis and drill for our own oil here it would not affect the price of gasoline short term. You can't have your cake and eat it too and I think people will begin to realize that with this whole "go green" "save the environment " bandwagon. Either you want a high standard of living (which means part of the environment has to be sacrificed) or you want to save the environment (which means a lower standard of living). America for the most part has chosen the latter. We should have drilled for our own oil 20-30 years ago. We should have built nuclear power plants like France did but environmentalists blocked both avenues. The cost of everything is going to go up in coming years. India and China's industries are growing rapidly and so is their demand for oil.

[Joao Pessoa]

This is BS wrote:

<quoted text>Where is the DEMAND. We have not increased our usage of oil. I feel the oil RICH countries OWE us alot for PROTECTING there sorry asses over the years. Maybe we should just go over and TAKE it. How can a charge between 18cents and 80cents for gas in that region and we charge 4 dollars for the same gas, can someone explain this to me ???

What do you mean where is the demand? Our industries are growing. They require lots of oil( or oil based products)and diesel. Think trucking,freight trains,airplanes,construction, cargo ships,oil tankers etc. People seem to think that we only import oil to refine gasoline for consumers.

[GoodNewz]

right--the real increase in demand is coming from china and india, not the US. we don't help ourselves by not increasing our own sources, which are plentiful. i have the feeling a lot of environmental support will drop drastically when oil hits $6...

[Hello]

The Saudis are runnung out from what I hear...

[Puleeze]

WAH, WAH, WAH....We are some stupid people, look at other countries that are paying up to $8/gallon. Demand is up in China and Russia, so the price goes up. The simple thing is to try to conserve gas...some of you have not made significant changes in your driving habits....People, either we explore and drill for oil in Alaska, learn to conserve the resources we have and lastly, the find out local bus routes.

[Joe]

Hey PULEEZE, FYI- europe charges those high prices so to encourage less people to use it, its not that it costs them that much.

[Joao Pessoa]

Puleeze wrote:

WAH, WAH, WAH....We are some stupid people, look at other countries that are paying up to $8/gallon. Demand is up in China and Russia, so the price goes up. The simple thing is to try to conserve gas...some of you have not made significant changes in your driving habits....People, either we explore and drill for oil in Alaska, learn to conserve the resources we have and lastly, the find out local bus routes.

Exactly. In Belgium folks might pay up to $11 per gallon. Europeans have the luxury of having excellent public transportation though. We have to lower our standard of living because our environmentalism or the hell with the environment and drill for oil at home. The world's oil supply isn't going to last forever especially with India and China growing so rapidly.A thing to note is that we still consume more oil (20,730,000 bbl/day ) on a daily basis than India,Japan,Germany,China and Russia combined.

[Corey]

Joao Pessoa wrote:

<quoted text>
Exactly. In Belgium folks might pay up to $11 per gallon. Europeans have the luxury of having excellent public transportation though. We have to lower our standard of living because our environmentalism or the hell with the environment and drill for oil at home. The world's oil supply isn't going to last forever especially with India and China growing so rapidly.A thing to note is that we still consume more oil (20,730,000 bbl/day ) on a daily basis than India,Japan,Germany,China and Russia combined.

Very good point. You are actually correct. I heard the same thing on the bbc radio show yesterday. The rest of world is blaming the U.S for our massive oil consumption and our overflow of SUV's. Think about that, then think how much oil Dubai is using right now to build that piece of heaven they have over there. We need to wake up. Very good point sir.

[youre narrow minded]

Factnut wrote:

Stop the dog and pony show-
either drill for domestic oil or say we won't due to man made global warming.
its one or the other.
For the Dems its saving mother earth before feeding our kids.

So it's all about Dems and Reps? Just shows your lack of intelligence. Obviously you hate Dems, and are probably then a Republican. Did you ever stop and think that because of the Republican way of government, which is mainly to limit large government and let businesses do what they want to, has led this to happen.

Because of the Republican way of business, oil companies have no limits on their processes. They can do whatever they want. Republicans let big business do what they want. That is their stance. That is what Republican government is all about.

Go ahead and trash talk Dems all you want, but, although Dems do have many faults, it is very likely that there would be much more oversight in big business. This goes for all of those that hate Wal-Mart and Home Depot too.

You don't see Bush doing anything about the price of oil. Why? Because he's still making profit off of the oil companies he ran long ago. Why would he change anything. So go ahead and trash talk Dems, but it's the Republican that's allowing it to happen.

And yeah, save the planet. Well, man, I really don't want my skys to look like they do in China. Do you? Are you that short sighted to see that it could happen if we don't change the way we burn fossil fuels? If so, please go suck on the tail pipe of you SUV, because if that's your thought, then those gasses coming out aren't bad for you at all.

[Mac-7]

youre narrow minded wrote:

<quoted text>
So it's all about Dems and Reps? Just shows your lack of intelligence. Obviously you hate Dems, and are probably then a Republican. Did you ever stop and think that because of the Republican way of government, which is mainly to limit large government and let businesses do what they want to, has led this to happen.
Because of the Republican way of business, oil companies have no limits on their processes. They can do whatever they want. Republicans let big business do what they want. That is their stance. That is what Republican government is all about.
Go ahead and trash talk Dems all you want, but, although Dems do have many faults, it is very likely that there would be much more oversight in big business. This goes for all of those that hate Wal-Mart and Home Depot too.
You don't see Bush doing anything about the price of oil. Why? Because he's still making profit off of the oil companies he ran long ago. Why would he change anything. So go ahead and trash talk Dems, but it's the Republican that's allowing it to happen.
And yeah, save the planet. Well, man, I really don't want my skys to look like they do in China. Do you? Are you that short sighted to see that it could happen if we don't change the way we burn fossil fuels? If so, please go suck on the tail pipe of you SUV, because if that's your thought, then those gasses coming out aren't bad for you at all.

Blaming everything on Republicans is not very open minded.

For instance, blaming Bush for the world price of oil makes no sense when the Dems refuse to open up ANWR for production to bring prices down.

[youre narrow minded]

Mac-7 wrote:

<quoted text>
Blaming everything on Republicans is not very open minded.
For instance, blaming Bush for the world price of oil makes no sense when the Dems refuse to open up ANWR for production to bring prices down.

Interesting that you see that when you read my previous post. I didn't "blame everything" on Republicans. I just stated that the Republican ideology allows business to do whatever they want, not that it was all their fault. It is the fault of the businesses- BUT Republican ideology allows it.

I did not "blame Bush" for the price of oil, I just stated that he's doing nothing to prevent it, and has no real reason to.

And as I also stated, the Dems DO HAVE PROBLEMS, but do you really think opening up ANWR, even pumping out 100% will lower our gasoline prices? No because the OIL COMPANIES can do whatever they want. They will keep the prices high, citing the costs of building the new oil wells and pipelines and such, not to mention the new refineries needed to process more oil....blah blah blah. In short, if we opened ANWR, I'd bet our prices will stay nearly the same.

Yes, we need ANWR oil, but there's only 30 or so years of oil in there, so more importantly, are alternative fuels and such.