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).

 
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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. »
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