Wednesday, May 21, 2008

"Big Oil" before the Senate... shame on the Senators!

The oil execs were in front of the Senate, being chastised for running profitable companies (oh the horror!)

I keep waiting for one of these guys to stand up and tell the Senate that it is the fault of the law makers who have prohibited "Big Oil" from getting to huge reserves of oil located in US held states and territories that would allow us to flood the market with oil and bring up supply to meet the growing demand and watch the price decrease. It is also the lawmakers that have made it impossible for any new companies to get INTO the oil and gas business because of outrageous regulatory costs.

These people are shameless! How dare they cripple an industry's ability to supply a product and then berate these companies when the prices go up with rising demand! STUPID PEOPLE!!!

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