First of all, I'm in favor of making price gouging a crime, and in fact, one the reasons I didn't vote for the Republican House version was because there were too many breaks for the oil companies. ↗
What's interesting is there are $12 billion of breaks in the energy bill that passed, yet we see that the sixth major oil companies in America last year made $1.1 trillion. ↗
It's not just a hurricane. It's the demand for gas in China... We're paying $3 a gallon, and the oil companies are making historic profits every quarter. ↗
But eventually it's a question of access: Getting access to fields is on top of the oil companies' agenda. We see a substantial build-up of supply occurring over the coming years. ↗
Unlike my opponent, I will not let oil companies write this country's energy plan, or endanger our coastlines, or collect another $4 billion in corporate welfare from our taxpayers. ↗
All told, these profit levels have put the world's five largest publicly traded oil companies on track to earn more than $100 billion before year's end. Yet, at the same time that Big Oil's bottom line is going up, so are Americans' energy costs. ↗