Political Quotes

Steve Pearce: First of all, we talk about the $440 million that the head of Exxon makes. If we divide out the numbers of millions and…

On the recordJanuary 18, 2007
First of all, we talk about the $440 million that the head of Exxon makes. If we divide out the numbers of millions and billions of dollars that Exxon pays out to shareholders and compare it to Tiger Woods, for instance, Tiger Woods made $25,181 a stroke. Shaquille O'Neal made $18,300 per minute that he played. A-Rod made $180,000 per run batted in. And the people who provide gasoline and oil at the price, $3 for gasoline, you will pay more than $3 for this fingernail polish that comes out to $25,000 per bottle. This bottled water is over $400 per barrel, and it does not require an investment in an operation like this. These offshore platforms are over $1 billion investment, and you are saying that oil is overpriced and we are gouging the American consumers. Next, you should go after bottled water and after fingernail polish because this is $25,000 per barrel. We need to understand that it takes a lot of investment to put gas in the pumps. It cannot be done.
Said by
Steve Pearce
New Mexico

Editor's note · Context

Discussing the costs and investments associated with oil production and comparing them to other high-value products.

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