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BTL:Soaring Gas Prices, Oil Company Record Profits Incite Calls for... |
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by Scott Harris Email: betweenthelines (nospam) snet.net (verified) Address: BETWEEN THE LINES c/o WPKN Radio 89.5 FM Bridgeport, Connecticut |
30 Apr 2006
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...Windfall Profits Tax ~ Interview with Tyson Slocum, co-director of the Public Citizen's Energy Program, conducted by Between the Lines' Scott Harris |
Soaring Gas Prices, Oil Company Record Profits Incite Calls for Windfall Profits Tax
Interview with Tyson Slocum, co-director of the Public Citizen's Energy Program, conducted by Scott Harris
In mid-April, gas prices in the U.S. soared 25 cents in just two weeks, bringing the average national price for self-serve regular to $2.91 a gallon, although prices topping $3 a gallon were common. President Bush, already reeling from record low approval ratings, felt the sting of intensifying anger across the nation about rising energy prices, and announced his plan to rein in the cost of gas. The president said on April 25 that he'll ask the EPA to temporarily relax clean air regulations which oil companies claim have caused gas shortages in some Northeast states, delay deposits in the U.S. Strategic Petroleum Reserve; ordered a federal investigation into possible price gouging and cut some oil company tax breaks.
But consumers, well aware that energy companies like Exxon-Mobil reported the nation's highest-ever profit of $36.1 billion in 2005, are suspicious of the President's cozy relationship with big oil. Republicans who control Congress received 81 percent of the $54 million dollars in political campaign contributions made by big oil companies since 2001.
But election year jitters are causing some GOP congressional legislators to join Democrats in calling for a probe of oil company profits and consideration of a windfall profits tax. Between The Lines' Scott Harris spoke with Tyson Slocum, director of Public Citizen's Energy Program. He discusses some reasons behind the dramatic rise in gas prices and explains why he supports an oil company windfall profits tax.
Contact Public Citizen at (202) 588-1000 or visit their website at www.citizen.org
Related links:
* "Gas Price Gambit," by Tyson Slocum, www.tompaine.com, April 20, 2006
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Re: BTL:Soaring Gas Prices, Oil Company Record Profits Incite Calls for... |
by So What (No verified email address) |
30 Apr 2006
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everybody's 401(k) has some oil stock. Man, oil profits are making up for the lousy stock marked to the last five years! Most Exxon shareholders aren't rich white guys but union and corporate pension funds.
Anyway, what's the fuss about? In real dollars, gas is about where it costs twenty years ago. Plus the oil companies profits amount to nine cents per gallon. Any one buy gas lately for nine cents per galon. |
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The Devil (Bush) on Cheap Gas |
by The Devil (Bush) (No verified email address) |
02 May 2006
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The Devil Bush (Bush): "Want Cheap Gas??????" (Bush Farts) "There's your Cheap Gas!!!! And Sorry to Oil the Price Gouging and the Price Fixing but Oil comes First. Fill her up with some Bush 666????" |
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Joe |
by Joe ida (nospam) pismo.com (unverified) |
18 May 2006
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Nice site!
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