We've subsidized oil companies for a century. That's long enough. It's time to end the taxpayer giveaways to an industry that rarely has been more profitable, and double-down on a clean energy industry that never has been more promising. Pass clean energy tax credits. Create these jobs.
What's amazing to me? General Electric has a bigger budget for - special interest budget than all of the oil companies combined, and yet nobody says anything.
The Tea Party is protecting its millionaire and oil company friends while gutting critical services that they know protect the livelihood of African-Americans, as well as Latinos and other disadvantaged minorities.
In 2003... the White House conspired with an oil-company funded think tank to block a major government scientific report that sought to spell out the dangers of climate change to Americans.
The President's announcement sounded less like a national energy plan than like a page from an election-year play book. This Administration's plan to reduce obscene oil company profits is to regulate them less.
It is eminently possible to have a market-based economy that requires no such brutality and demands no such ideological purity. A free market in consumer products can coexist with free public health care, with public schools, with a large segment of the economy -- like a national oil company -- held in state hands. It's equally possible to require corporations to pay decent wages, to respect the right of workers to form unions, and for governments to tax and redistribute wealth so that the sharp inequalities that mark the corporatist state are reduced. Markets need not be fundamentalist.
Even if gas prices fall, consumers will continue to be gouged at the pump the only thing that we can be sure rises faster that the price of gasoline is the skyrocketing profits of oil companies.
If oil companies were to invest their high profits into alternative fuel research it will help America move toward new forms of energy.
All told, these profit levels have put the world's five largest publicly traded oil companies on track to earn more than $100 billion before year's end. Yet, at the same time that Big Oil's bottom line is going up, so are Americans' energy costs.
I can understand where the oil company wants to deduct the cost of drilling a well. That's one of the tax breaks for oil companies - the subsidies - they get to deduct the cost of the well the year you drill.
We have a project with Unocal here in Los Angeles, where we as an environmental organization, the oil company, and the state all get together to promote the recycling of used motor oil.
Why don't those damn oil companies fly their own flags on their personal property-maybe a flag with a gas pump on it.
You think OWS is radical? You think 350.org was radical for helping organize mass civil disobedience in D.C. in August against the Keystone Pipeline? We're not radical. Radicals work for oil companies. The CEO of Exxon gets up every morning and goes to work changing the chemical composition of the atmosphere. No one has ever done anything as radical as that, not in all of human history.
First of all, I'm in favor of making price gouging a crime, and in fact, one the reasons I didn't vote for the Republican House version was because there were too many breaks for the oil companies.
For those of us who worry more about working people than about windfall profits for oil companies, it may net out. A better question is: what does it do to our economy if we manage to overheat the earth? This summer's drought provides a small taste.
What the Supreme Court did in Citizens United is to say to these same billionaires and the corporations they control: 'You own and control the economy, you own Wall Street, you own the coal companies, you own the oil companies. Now, for a very small percentage of your wealth, we're going to give you the opportunity to own the United States Government.' This is the essence of what Citizens United is all about - and that's why it must be overturned.
Speaking about our largest oil company Rosneft, and I recalled in the beginning that almost 20 percent of it [19.7] belongs to BP. Who's company is that? British Petroleum, isn't it? I suppose that is not bad. I have to tell that British Petroleum's capitalization is significantly related to the fact that it owns more than 19 percent of Rosneft, which has vast oil reserves both in Russia and abroad. This has its impact on the company's stability as well.
My father was a middle manager at an oil company, but I never knew anything about his work. Whatever business acumen I have just got gleaned over the years.
Failing to warn the citizens of a looming weapon of mass destruction- and that's what global warming is- in order to protect oil company profits, well, that fits for me the definition of treason.
This morning, prompted by increasing concerns about terrorism, oil prices reached a record high as the cost of a barrel of crude is a whopping $44.34. Wow, it seems shocking that a product of finite supply gets more expensive the more we use it. Now the terror alert means higher oil prices, which oddly enough means higher profits for oil companies giving them more money to give to politicians whose policies may favor the oil companies such as raising the terror alert level. As Simba once told us: "It's the circle of life."
When my job was attempting to predict future economic developments for the Shell oil company, I was frequently reminded of an Arabic saying: 'Those who claim to foresee the future are lying, even if by chance they are later proved right.'
The oil companies regard nuclear power as their rival, who will reduce their profits, so they put out a lot of disinformation about nuclear power.
The oil companies are regulated by the federal government. They can't drill on land nor in American waters without permission from the feds. Many Republicans want to drill baby drill but what's the point if all the oil goes to China? Increased production obviously doesn't mean lower prices for us.
There are signs that the age of petroleum has passed its zenith. Adjusted for inflation, a barrel of crude oil now sells for three times its long-run average. The large western oil companies, which cartellised the industry for much of the 20th century, are now selling more oil than they find, and are thus in the throes of liquidation.
Unlike my opponent, I will not let oil companies write this country's energy plan, or endanger our coastlines, or collect another $4 billion in corporate welfare from our taxpayers.
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