Political Quotes

Frank Pallone: “The oil contracts, they were charged a $64 million penalty, but they are making billions, almost a trillion dollars I…”

On the recordFebruary 3, 2004
The oil contracts, they were charged a $64 million penalty, but they are making billions, almost a trillion dollars I think in terms of the amount of money they are taking in. As our colleague from Massachusetts said, they are not going to stop doing it, because what do they care if they pay a few million dollar penalty when they are making billions of dollars? That is the problem. As I said before, if this had been a different time, like World War II, they would have been out of business; that would have been it. Now, twice, and it is probably going to be more. It is just unbelievable.
Said by
Frank Pallone
Democratic · New Jersey
Source
govinfo.gov

Editor's note · Context

Discussing penalties imposed on oil companies and their financial gains.

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