Dennis Kucinich: “ExxonMobil profits surged 36 percent to $10.4 billion in just the last 3 months. That means they made $1,310 a second in…”

“ExxonMobil profits surged 36 percent to $10.4 billion in just the last 3 months. That means they made $1,310 a second in profit. In the 1 minute I have to address this Congress, ExxonMobil will make $79,080 in profit. In 1 minute they will make more than most hardworking Americans make in a year. As consumers are being gouged at the pump, Big Oil runs the administration, bringing us war and environmental disaster and economic decline. Oil was at about $23 a barrel at the start of this administration. Now it is at $74 a barrel. If this administration goes ahead and attacks Iran, it will go to $130 a barrel and about $5 a gallon for gas. This Congress must do more than genuflect with tax breaks and subsidies to Big Oil. It is time we took the side of the consumers whose budgets are being crushed and mobility being crushed by $3 a gallon gas. It is time for a 100 percent excess profit tax on the oil companies. That is what my bill, H.R. 2070, does. It will lower the price of gas because it will tax excess profits of oil companies and it won't increase the price of gasoline. My minute is up, but the oil companies' profits are eternal, unless we stop the price gouging with a 100 percent excess profits tax. ____________________”