Senator Kerry On Big Oil's Record Profits, Republican Refusal to Roll Back Special Interest Giveaways
By newsdesk - Posted on February 4th, 2008
02/02/2008 -- Washington, DC — Senator John Kerry made the following statement today as ExxonMobil, BP, Shell, ChevronTexaco and ConocoPhillips released their annual profits:
“Big Oil has raked in profits of over half a trillion dollars since George Bush took office, $40 billion for ExxonMobil alone this quarter, and Americans have been stuck with record gas prices, dependence on foreign oil, and global climate change that gets more serious by the day.
Even George Bush wants to end some of the Washington giveaways to these companies, but the Republicans in Congress refuse to side with those of us who have been fighting for years to roll back Big Oil’s tax breaks and invest instead in a Manhattan Project for clean, affordable renewable fuels and efficiency. It is long past time for Washington to change and put the national interest ahead of the special interests.”
Source: Senator John Kerry
Bookmark/Search this post with:
• 
• 
• 
• 
• 
• 
• 
• 
• 
• 
• 
• 
Login to post comments
Related articles
- Oil Executives Testify Before Senate Panel
- Senator Specter Questions Oil Execs on Big Profits
- Levin: Close the London Loophole Act Gives CFTC Clear Authority Over U.S. Commodities Traded on Foreign Exchanges
- Kerry, Emanuel on Bush Opposition to Reform of Offshore Tax Loophole for Hedge Funds
- Statement of Senator Barack Obama on the Senate's Vote to Suspend Filling the Strategic Petroleum Reserve
Latest stories
- Colin Powell Endorses Barack Obama for President: Video from this morning's appearance on Meet the Press
- Keating Economics
- Pelosi: The Legislation Has Failed But the Crisis Has Not Gone Away; We Must Work in a Bipartisan Way to Pass New Legislation
- Congressman Hoyer Statement Following Vote on Emergency Economic Stabilization Act
- Senator McCaskill Calls for Greater Accountability on Wall Street
- Senator Bob Casey Statement on Bailout Bill
- Senator Hillary Clinton Calls for Bipartisan Action on Economic Crisis
- Congress Passes Obama, Murkowski, Allen Bill to Ban Dangerous Mercury Exports
- Barack Obama Statement on Financial Plan Breakthrough
- Barack Obama Calls on VA Secretary to Provide Critical Data on Iraq and Afghanistan Veterans to Improve Veterans Services
Yes We Can
Yes We Can:
