The price of gas is down for the 5th straight week. President Bush has called an emergency cabinet meeting to find out what the hell went wrong.-Jay Leno
When these oil company executives walked into the Capitol building, all these senators and congressmen were scared and nervous. It's always a little nerve-wracking when the real owners of the place show up.-Jay Leno
The Washington Post:
A White House document shows that executives from big oil companies met with Vice President Cheney's energy task force in 2001 --something long suspected by environmentalists but denied as recently as last week by industry officials testifying before Congress.
In a joint hearing last week of the Senate Energy and Commerce committees, the chief executives of Exxon Mobil Corp., Chevron Corp. and ConocoPhillips said their firms did not participate in the 2001 task force. The president of Shell Oil said his company did not participate "to my knowledge," and the chief of BP America Inc. said he did not know.
Oil companies posted unthinkable profits in the 3rd and 4th quarters of 2005. The largest, ExxonMobil, saw a 75 percent increase in profit from the same time last year, earning a staggering $9.92 billion during the 3rd quarter, the single largest quarterly haul in history. Shell was right behind them, with $9.03 billion (up 68 percent), ConocoPhillips reported an 89 percent increase with $3.8 billion, and BP reported $4.87 billion (up 34 percent).
3 hours ago