Topic: Alternative Energy - Big Oil Execs Grilled by House Committee

With gas prices on a seemingly exponential rise, executives from five of the biggest oil companies were brought before the Select Committee for Energy Independence and Global Warming Tuesday and questioned about soaring prices and record profits. When asked about what needs to be done to lower energy costs, Robert Malone, chairman of BP America, replied that ”We need access to all kinds of energy supply,” in regards to limits on drilling in certain areas. Emanuel Cleaver, D-Mo, assutely stated ”The anger level is rising significantly,” and further added ”Your approval rating is lower than ours, and that means you’re down low. Markey said he wanted to see oil companies invest in more alternative energy sources and give up their billions of dollars in tax breaks, ”Imposing punitive taxes on American energy companies, which already pay record taxes, will discourage the sustained investment needed to continue safeguarding U. On April Fool’s Day, the biggest joke of all is being played on American families by Big Oil. read more

[Tags]oil, energy, companies, lower, american, big, alternative energy[/Tags]

Share This