On May 21st, 2008, Senator Dianne Feinstein {D.CA.}, A Multi Millionaire, who was recently accused of benefiting from her position in the Senate, Reprimanded the top executives of the five largest oil companies : "you rack up record profits... quarter after quarter":also Senator Pat Leahy {D. VT} also a multi Millionaire upbraided the same executives by saying: "The people we {the Senate} represent are hurting and the companies you represent are profiting"
Congresswoman Debbie Wasserman Schultz {D. FL} Charged: " I can't say that there is any evidence that you {the oil companies} are manipulating prices, but you probably are!": Senator Dick Durbin {D, IL} Demanded: "Is there anybody here that has any concerns about what you {the oil companies} are doing to this country with the prices you are charging and the profits you are taking"?
These politicians, collectively, were sanctimoniously lecturing oil company executives, who would not know an oil derrick if one bit them on the ass. Not one of these politicians have the slightest clue on how to produce energy!
Another politician Nambla Nancy Pelosi {D.CA} the speaker of the House Declared "Democrats have a common sense plan to bring down sky rocketing gas prices while she was campaigning for re-election, since then gas prices have risen more than 70%.
Some say that oil companies pay almost no taxes. Is this true? HA! here are a couple facts. According to the Bureau of Economic Analysis and the U.S. Dept. of Energy: over the past 25 years the oil companies have paid more than 2.2 TRILLION in taxes to federal and state governments, not including local property taxes, State sales taxes and severance taxes, A total of THREE TIMES their profit during the same period.
On the average 15% of the cost of gas at the pump goes to taxes, while 4% goes to profit to the oil companies.
So while we are all hurting from "pain at the pump" and the Democrats are trying to shift the blame to the oil companies remember it's the government that reaps the biggest reward from our pain!