Steve Kretzmann - Oil Change International - ... Commentary.

April 02, 2008
Democracy Now!

Steve Kretzmann, Executive Director of Oil Change International

Oil Execs Asked to Justify Huge Profits at Congressional Hearing

The executives of the five biggest oil companies—Exxon Mobil, Royal Dutch Shell, BP, ConocoPhilips and Chevron—were called to testify at a congressional hearing on Tuesday. Lawmakers took them to task for making enormous profits but investing next to nothing in renewable sources of energy. They were also called to justify why they got $18 billion in tax breaks last year when their profits had hit $123 billion and oil prices had reached runaway highs. We speak with Steve Kretzmann of Oil Change International.

Category:

News & Politics

Tags:

• Democracy
• Now!
• Oil
• Exxon
• Mobile
• Royal
• Dutch
• Shell
• BP
• ConocoPhilips
• Chevron
• Profit
• Lies
• Renewable
• Energy
• Climate
• Change

[intermitrj]

The Oil companies are trying their best to stop free energy ideas from spreading to common ppl.

We need to put an end to this corruption ,start generating your own electricity now.

Visit LT-MAGNET-MOTORdotCOM and get the blueprints . Join the Revolution!!

[eraven77]

Who is this poseur? What the oil companies are saying is "just bunk"?!? And, "That's a complicated question?" [re why are oil prices so high] Um, one doesn't need to be an "expert" to know that. Thanks for the insight. FYI, dude, nice double chins...Lose some weight before going on tv. You're a lard ass.