Oil chiefs say high prices not our fault

By H. JOSEF HEBERT, Associated Press Writer 1 minute ago

WASHINGTON - Don't blame us, oil industry chiefs told a skeptical
Congress. Top executives of the country's five biggest oil companies
said Tuesday they know record fuel prices are hurting people, but they
argued it's not their fault and their huge profits are in line with
other industries.
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Appearing before a House committee, the executives were pressed to
explain why they should continue to get billions of dollars in tax
breaks when they made $123 billion last year and motorists are paying
record gasoline prices at the pump.

"On April Fool's Day, the biggest joke of all is being played on
American families by Big Oil," Rep. Edward Markey, D-Mass., said,
aiming his remarks at the five executives sitting shoulder-to-shoulder
in a congressional hearing room.

Wasting fuel to protest high fuel prices. Genius!
An to be sure the parkers were running those engines to keep amused and
warm.

"Jesse" hotmail.com> wrote in message
news:lNAIj.14848$oE1.11140@trndny09...

Maybe I'm missing something, but truckers have been charging a fuel
surcharge for a few years now. Where is that money going? The purpose of
the surcharge is to cover the high fuel costs.

"Edwin Pawlowski" snet.net> wrote in message
news:5YBIj.560$Gq7.486@newssvr19.news.prodigy.net...
|
| "Jesse" hotmail.com> wrote in message
| news:lNAIj.14848$oE1.11140@trndny09...
| >
| >> Elsewhere on Tuesday, many independent truckers parked their rigs and
| >> others slowed to a crawl on highways to protest high fuel prices.
| >
| > Wasting fuel to protest high fuel prices. Genius!
| > An to be sure the parkers were running those engines to keep amused and
| > warm.
|
| Maybe I'm missing something, but truckers have been charging a fuel
| surcharge for a few years now. Where is that money going? The purpose of
| the surcharge is to cover the high fuel costs.

Shippers, not truckers have been applying a surcharge. Little if any is
getting to the independents.

monkey_cartman@yahoo.com wrote in crayon...

It's not their fault record sales yields record profits.
It's not their fault they pay 40.7%% in taxes compared to 22.1%% paid by
other manufacturers.
It's not their fault they can't drill for oil offshore of the United
States, ANWAR or in the lower 48 states.
It not their fault for doing a good job for their stockholders even
with the limitations impose on them by government.
-

Mitchell Holman thinks he is the greatest thing on
Usenet since Muhammed al Gore invented the Internet.
If Usenet revolves around Mitchie-Boy Holman why
won't he answer a simple question?

Who gives a rat's ass who Mitchell Holman is?

On Apr 1, 10:12 pm, "Edwin Pawlowski" snet.net> wrote:

Yeah, you are missing something. Can you say "indepenent truckers"???

On Apr 1, 10:21 pm, "NotMe" privacy.net> wrote:

In article
<09fedfb0-a9c1-409f-8b40-d786d7f893b5@b1g2000hsg.googlegroups.com>,
MFOgilvie lmco.com> wrote:

You would be very wrong on your assumptions. Price is not only
decided by cost of goods. Demand is down related to the slow down, there
are too many trucks chasing too few loads, so they have to get what the
market will pay.

The oil companies make 8 cents a gallon. Various governments tax it over a
dollar a gallon. Do the math, you fucking genius.

Steve

SteveB wrote:

So why do the companies show record profits?