[Eric in the Ozarks]

Let the Show Trials begin...

[dfwgator]

“Gentlemen, we’ve got to do something to protect our phoney-baloney jobs.”

[MNJohnnie]

Dear Dim Senators,

Why should American voters be pissed at oil companies making $.10 on a sale of a gallon of gas and NOT be pissed that state and Federal Government makes $1+ on that same gallon of gas?

[RabidBartender]

The oil companies should decide to stop production for a week and show these idiots in Congress who needs who.

[FlingWingFlyer]

“Angry DemocRATS!” ROTFL!!! What are the ‘RAT girlymen going to do, hit the oil guys with their purses? I hope the oil guys kick their asses. The oil boys have done more for America than every commie DemocRAT that ever sucked up and wasted oxygen.

[hinckley buzzard]

Democrats posturing for electoral advantage among the parasite class they pander to. This display of dudgeon means nothing and both sides of the table know it. Merely a charade.

[EagleUSA]

All by a government that has NO ENERGY POLICY other than to break its own oil companies and subsidize foreign country oil operations.

How is that hope and change working America???

[kcvl]

“very unhappy panel of Democrats”

BIG DAMN DEAL!!!

Wait until they face a very unhappy panel of VOTERS!

[SoothingDave]

Representing the scorned oil industry was John Watson of Chevron, Marvin Odum of Shell Oil, James Mulva of ConocoPhillips, H. Lamar McKay of BP America, and Rex Tillerson of ExxonMobil.

[VRWCmember]

“We have to choose priorities and right now we have a huge budget deficit,” said Sen. Chuck Schumer of New York. “So I want to ask you…what about your priorities?” “Do you think your subsidy is more important than the financial aid we give to students to go to college?” asked Schumer, directing his question at Mulva. “So if you had a choice as an American, which would you choose?”

Well Chucky Schmucky, how many jobs does your financial aid to artificially inflate the cost of a college education create, vs. how many jobs will your tax increase on the oil companies kill? Your priority should be on NOT KILLING JOBS. Dumbass!

[Carry_Okie]

What a laugh. Those executives owe the Democrats their low capital cost of profiting from established wells instead of taking risks to drill more at lower margins.

[andy58-in-nh]

Now here's the dirty little secret, the context that the news media refuses to provide because if they did, you'd know that the Democrats (and they) are full of sh!t.

$21 Billion in tax "breaks" over 10 years = $2.1 billion per year = 0.15% of this year's estimated DEFICIT and 0.058% of the current fiscal year's BUDGET. IOW: a drop in the bucket. And even that assumes:

A. the additional tax revenue actually materializes (as though oil companies would not change their behavior and accounting decisions in response to a change in tax preferences) and

B. The money isn't simply spent by Congress, which given their history is a real knee-slapper..

[thackney]

Tax increase hearings take America in wrong direction on energy
http://api.org/Newsroom/tax-increase-wrong.cfm
Bill Bush - May 12, 2011

Jack Gerard, President and CEO of the American Petroleum Institute, said the Senate oil and natural gas company CEO hearing today focused on a failed policy prescription that would move the nation in the wrong direction on energy:

“Raising energy taxes will do nothing to create jobs, reduce prices, enhance our energy security or increase revenue to our government long term. The hearing was predictable political theater, a distraction aimed at masking past energy policy failures that contributed to the volatile prices consumers are understandably concerned about. It was also an uninformed, unmerited assault on some of America’s biggest and most reliable employers, who are investing billions of dollars annually in new energy projects while also paying many billions of dollars a year in taxes at some of the highest effective rates for any American industry or business.

“We can address our energy challenges by developing more energy at home. That will create jobs and more energy and help strengthen the security of our energy supplies. With this spectacle now over, we hope policymakers will come together in a bipartisan way to work on energy policy that will work for America.”

- - - -

We need more jobs, more domestic production, not more Taxes.

http://api.org/policy/americatowork/index.cfm

[The Great RJ]

The Democrats find it easy to pillory evil big oil, but cutting their tax breaks will not drop the price of gasoline one cent and will punish the stock holders, mostly pension funds, who own 95% of evil big oil. This is the usual Democrat play book, a handful evil capitalist fat cats make money from their corporations on the backs of the working man. This is the same BS communists and socialists have used for over 100 years. Too bad the economically ignorant population as well as some members of Congress still believe this crap.

[Uncle Hal]

John D. Rockefeller, IV criticizing the oil companies. Now that is rich. If it was not for his great grandfather no body would of ever heard of him.

[LibWhacker]

All part of the rat’s plan to drive prices even higher.

[blackdog]

The administration has an energy policy which demands high oil prices to the tune of $5.00 per gallon gasoline to encourage alternative energies, yet that is the fault of oil companies executives?

I'm confused?

[devistate one four]

This is so 70’s.

Wev’e heard this crap from congress so many times we can write it down verbatum!

We know dammed well who’s screwing up the nation and it’s congress!
These politicians need to go! 2012 is coming, take a conservative friend to the polls and vote!

[Hoodat]

[piytar]

Haven’t read much about this yet. Any of these execs show some spine and call the demscum on the facts, namely that the demscum are to blame?

Any of them even say, “So how economically illiterate do you have to be to believe that raising our taxes will lower gas prices?”

My guess in, “Nope.”