Wednesday, May 21, 2008

Big Oil Tries to Defend Record Profits and High Prices


Photo from source, Yahoo! News

There is something about the current grilling of "Big Oil" that reminds me of "Big Tobacco." Namely, the attempt to defend the indefensible. Maybe Hollywood should consider a movie called, Thank You for Not Selling Your Hummer.

[Excerpt]

Big Oil defends profits before irate senators

On a day oil prices leaped to unheard-of highs, senators lined up Big Oil's biggest executives and pummeled them with complaints that they're pretending to be "hapless victims" while raking in record profits.

"Where is the corporate conscience?" Sen. Dick Durbin, D-Ill., asked the top executives of the five largest U.S. oil companies. . .

Read more at: Yahoo! News

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