Senator Tim Johnson (D-SD) says, in a news conference at the outdoors Eastern Market, that oil companies are unconscionably reaping record profits.

Posted by Staff on May 3, 2006 |

Johnson says that if the increasing oil prices were a simple result of supply and demand they would be understandable. However, he says that oil companies are making record profits and not investing those profits in a way that will lower the cost of energy in the future (:42).

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

May 3, 2006
« Senator Byron Dorgan (D-ND) says, in a news conference at the outdoors Eastern Market, that the President is not holding oil companies accountable for high prices and higher profits.
In a news conference at the outdoors Eastern Market, Senate Minority Whip Richard Durbin (D-Ill) says rising energy costs are straining farmers. »
Both comments and pings are currently closed.

Comments are closed.

Categories

Related


Latest Audio

  • Despite Slower Job Loss, Millions Still Unemployed Says New York Democrat
     
    icon for podpress Play Now
  • Boehner Opposes Democrats’ Healthcare Bill Despite Cost Benefits Says Hoyer
     
    icon for podpress Play Now
  • Texas Republican Says Positive Reports About The Stumulus Are False
     
    icon for podpress Play Now
  • Majority Leader Steny Hoyer Hopeful House Will Pass Health Care Bill Saturday Night
     
    icon for podpress Play Now

Happening Now - TRNS on Twitter