At a Senate Committee on Commerce, Science and Transportation hearing, Senator Byron Dorgan (D-ND) says that oil companies are not using their profits to benefit the American people.

Posted by Staff on May 23, 2006 |

Dorgan says that Exxon-Mobil made $36.1 billion in profits and about a third of that money is being used to buy back their own stock and "drill for oil" in Wall Street, which means they are looking for more mergers and consolidation. Therefore, Dorgan says that the oil companies’ high profits are not benefiting the consumer at all (:48).

 
icon for podpress  Standard Podcast: Play Now | Play in Popup | Download

May 23, 2006
« At a news briefing on FEMA’s preparations for the 2006 hurricane season, Assistant Defense Secretary Paul McHale says that the military will not be stressed by an emergency deployment.
At a Senate Committee on Commerce, Science and Transportation hearing, Dr. Mark Cooper, Director of Research, Consumer Federation of America, says that oil companies exploit the consumer. »
Both comments and pings are currently closed.

Comments are closed.

Categories

Related


Latest Audio

  • Labor Secretary Recalls Helping Undocumented Students Go To College
     
    icon for podpress Play Now
  • GOP Leaders Look To Suade Moderate Democrats On Health Care Vote
     
    icon for podpress Play Now
  • Democrats’ Health Bill One Great Big Ponzi Scheme, Says Thune
     
    icon for podpress Play Now
  • Senate Democrats Employ ‘Gimmickry’ To Keep Health Bill Below $900 Billion
     
    icon for podpress Play Now

Happening Now - TRNS on Twitter