Wednesday, April 26, 2006

Another View on Bush and Oil

From BushWatch.com:

"Gasoline prices may be hurting average folks, but the oilers who helped put the Boy King and the Duke of Halliburton in office with lavish donations are enjoying record profits and breathtaking bonuses. The Oilmen in the Oval, incompetent in so many ways, have brilliantly achieved one of their main objectives: boosting the fortunes of the oil industry and the people who run it. All those secret meetings the vice president had back in 2001, letting the energy and oil big shots help write our energy policy — one that urged more oil and gas drilling — worked like a charm. In all their years in government, Mr. Cheney and the Bushes have never done anything to hold the oil companies' feet to the fire, or get Americans' feet off the gas pedal.

As Representative James Clyburn, Democrat of South Carolina, noted, "The Republicans are the party with the keys to the executive washrooms of Halliburton, Exxon and the big oil corporations." Consider Lee Raymond, the recently retired chairman and chief executive of Exxon. Recently, we learned about his stunning secret compensation: he got more than $686 million from 1993 to 2005, according to a Times story, which calculated: "That is $144,573 for each day he spent leading Exxon's 'God pod,' as the executive suite at the company's headquarters in Irving, Tex., is known." The only oil baron who isn't cashing in these days is Saddam. We pulled up to the pump in Baghdad and plunked down $10 billion a month, and we're still not getting any gas out of it. Instead of easing our oil dependence and paying for Iraq's reconstruction, the bungled invasion and subsequent nuclear sparring with Iran have left even Republicans looking for Priuses."

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