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C-SPAN: Some really nervous oil CEO’s

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Changenow Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-14-06 01:16 PM
Original message
C-SPAN: Some really nervous oil CEO’s
testifying before a senate committee right now.

Oil prices go down with mega mergers, the oil companies reinvest in alternatives with their profits and if the US would allow more give-aways on public lands are the highlights so far.

These dudes must not be sworn to tell the truth again.
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MadMaddie Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-14-06 01:17 PM
Response to Original message
1. Oh...they are also worried because the UAE is
starting to trade oil in Euro's!!
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enid602 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-14-06 01:26 PM
Response to Reply #1
4. source
Pls give source. This is big if true.
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MadMaddie Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-14-06 01:33 PM
Response to Reply #4
10. I am looking for the source....
Sorry I forgot to include it...I have read so many articles today that I can't remember where I read it. I will find it and post...
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Changenow Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-14-06 04:17 PM
Response to Reply #4
17. Arab central banks move assets out of dollar
http://news.independent.co.uk/business/news/article351127.ece
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ret5hd Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-14-06 01:55 PM
Response to Reply #1
14. no...Iran is going to start trading oil in euros on March 20...
UAE is going to change 10% of their foreign reserves from dollars to euros.

coincidentally (or not), shortly after Iran starts trading oil in euros, the u.s. fed is going to stop reporting M3 (the largest measure of u.s. currency).
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LiberalEsto Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-14-06 01:21 PM
Response to Original message
2. Gas was $2.27 when I passed on my way to church
this past Sunday. An hour and a half later, after the service and coffee, the price had risen to $2.31.

I'd like to interrogate these scum myself for an hour or two.
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Changenow Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-14-06 01:30 PM
Response to Reply #2
8. Exxon: A windfall Profits tax wouldn't help increase supply
If we used the extra revenue it to research alternatives it sure could.
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sheelz Donating Member (869 posts) Send PM | Profile | Ignore Tue Mar-14-06 01:23 PM
Response to Original message
3. Did they swear them in this time?
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Changenow Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-14-06 01:29 PM
Response to Reply #3
7. No way,
these guys are lying through their teeth.


CSPAM cut to a rerun of another show just after they sat down and didn't come back until that issue would have been resolved. Convenient for all concerned.
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sheelz Donating Member (869 posts) Send PM | Profile | Ignore Tue Mar-14-06 01:38 PM
Response to Reply #7
11. So we don't know if anybody raised objections??
:wtf: Why bother having any hearings! All Democrats on that panel should have walked out!
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Changenow Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-14-06 01:45 PM
Response to Reply #11
13. It may be out there, but it wasn't on CSPAN
It is impossible that these guys are so blatantly fabricating if they were under oath. We'd be hearing more non answers.
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sheelz Donating Member (869 posts) Send PM | Profile | Ignore Tue Mar-14-06 02:06 PM
Response to Reply #11
16. This is a major problem with the Democratic Party!
We're fighting for hearings and accountability! If they don't walk out of these hearings then they are enabling these greedy assholes! :mad: :mad: :mad: :mad: :mad:
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Changenow Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-14-06 01:27 PM
Response to Original message
5. John Cornyn to save the day
Oil and natural gas companies aren't more profitable than other companies, with is the American way.
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Changenow Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-14-06 01:32 PM
Response to Reply #5
9. Cornyn now wants to know how congress
can help the majors.
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donkeyotay Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-14-06 01:27 PM
Response to Original message
6. Testifying? that sounds more like a list of demands. nt
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Changenow Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-14-06 01:43 PM
Response to Original message
12. Grassley: Bottled water a worse value
Edited on Tue Mar-14-06 01:44 PM by Changenow
why aren't people complaining about that? They complain about the costs of energy but not the cost of bottled water?

"I'm not here for a love fest, but you guys are doing the best you can and not holding back supply, aren't you?"

Exxon: Lots of people with pensions count on us to make prudent investments and profits. If we could invest in more in the good old USA things would be much better.
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The Backlash Cometh Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-14-06 01:59 PM
Response to Reply #12
15. You can always boil city water so people who purchase bottled water
buy it for convenience. If it was the only source of water, THEN you'd have the same problems we have with oil.
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