Political Quotes

“we are in the midst of an energy crisis. Gas is at $3 a gallon, and utilities are now predicting that families could pay as much as 70 percent more to heat their homes this winter. Natural gas prices are so high that the Energy Department predicts that the average natural gas bill for every family will be about $350 more this winter. Home heating oil used by many in the Northeast has skyrocketed. But while American families struggle with sky-high energy bills, and oil and gas companies are facing an entirely different picture, an entirely different crisis, to be exact, what to do with all their profits. For example, yesterday Exxon Mobil reported that its profits increased by 75 percent in the third quarter alone; their revenues, more than $100 billion. Shell Oil said that their earnings increased by 68 percent. ConocoPhillips' third-quarter earnings surged 89 percent, and BP reported a 34 percent rise in quarterly earnings. To summarize, as American families are struggling with massive energy bills, both at the pump and home heating, energy companies are reaping huge profits. Now, Henry Hubble, Exxon Mobil's vice president, said, ``You have got to let the marketplace work.'' As a Democrat, I could not agree more, which is why I oppose what my Republican friends try to do, which is provide the oil companies $16 billion in taxpayer subsidies.…”