Hofmeister: Oil price increases not controlled by oil companies
Shell Oil President John Hofmeister says that increases in oil prices are not caused by the actions of oil companies, but by increasing demand and other factors.
(0:39)
April 1, 2008
One Response to “Hofmeister: Oil price increases not controlled by oil companies”
Categories
Related
- Senator Barbara Boxer (D-CA) says during a news conference at the outdoors Eastern Market, that Vice President Dick Cheney has secret meetings with oil companies.
- Shell CEO, John Hofmeister, defends Shell’s decision to close a Bakerfield Field refinery, and ultimately, defend against Boxer’s accusation that Shell strategically tried to control oil prices.
- Congress grills oil executives over profits, subsidies, and global warming
- Senator Tim Johnson (D-SD) says, in a news conference at the outdoors Eastern Market, that oil companies are unconscionably reaping record profits.
- Durbin says Republicans mistaken on supply
Latest Audio
- Despite Slower Job Loss, Millions Still Unemployed Says New York Democrat
- Boehner Opposes Democrats’ Healthcare Bill Despite Cost Benefits Says Hoyer
- Texas Republican Says Positive Reports About The Stumulus Are False
- Majority Leader Steny Hoyer Hopeful House Will Pass Health Care Bill Saturday Night
Happening Now - TRNS on Twitter
- @jackrice: I'm listening to the soundtrack of Kill Bill, Vol.1. Damn, this thing is great. -- 4 hours ago
- @jackrice: Real Men Do Cry! Great Photo! http://bit.ly/1Ib8s9 -- 7 hours ago
- @jackrice: I'm Appearing on MSNBC This Week! http://bit.ly/3FD2U9 -- 7 hours ago
- @jackrice: House Vote on Healthcare Reform Tonight! http://bit.ly/3W9vER -- 7 hours ago
- @jtamboli: Dingell points out that as soon as the Dems finish with their "motions," the Republicans will have a chance.. -- 10 hours ago
- @bobney: I BELIEVE THAT 218 VOTES WEAKENS THE HOUSE IN THE CONFERENCE COMMITTEE, JUST A BIT TOO CLOSE--POLITICO -POLITICO.com - http://shar.es/akHX9 -- 10 hours ago
- @bobney: CATHOLIC BISHOP'S HELP PELOSI -Bishops' backing may get bill to 218 - Patrick O'Connor - POLITICO.com - http://shar.es/akHX3 -- 10 hours ago
- @bobney: YouTube - Republican Whip Eric Cantor discusses health care on NBC's Today Show - http://shar.es/akH0c -- 10 hours ago
- @bobney: Prayers and Sympathy to the Families of the fallen and wounded at Ft. Hood -- 10 hours ago
- @bobney: Right to Life win in the health care bill-House Leadership bowed to pressure from anti-abortion Democrats- agreed to pro-life amendment -- 10 hours ago
April 2nd, 2008 at 2:09 am
That is interesting. If it is not caused by the actions of the oil companies I wonder how it just happened to work out that their profits have quadrupled. What exactly are the other reasons then and what exactly is keeping them from putting some of that enormous profit into researching other renewable resources? Could it be that they would have to give up their extreme wealth if we implemented other sources of energy? Of course they don’t want us to put a tax on fuel for researching greener alternatives that would cause them to have to lessen their prices and well put them out of business.