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unixronin: Galen the technomage, from Babylon 5: Crusade (Default)
Unixronin

December 2012

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Friday, September 2nd, 2005 02:23 pm

''There ought to be zero tolerance of people breaking the law during an emergency such as this, whether it be looting or price-gouging at the gasoline pump or taking advantage of charitable giving or insurance fraud."

-- President George W. Bush, September 1, 2005, on national TV

How about starting with your buddies in the oil industry, you hypocrite?

[...] A month ago, ExxonMobil, Chevron, and ConocoPhillips announced record second-quarter profits of $7.6 billion, $3.7 billion, and $3.1 billion, respectively.  Royal Dutch Shell's quarterly profits of $5.2 billion were up by 34 percent over the same period last year.  Other well-known companies like Sunoco also had record second-quarter earnings.

(While whining bitterly about rising crude-oil costs. -- unixronin)

[...]

Everyone knows that Bush does not really mean what he says about price-gouging at the pump, since he just gave energy companies the bulk of $14.5 billion in tax breaks in the new energy bill.  Surprise, surprise.  In Bush's two elections, oil and gas companies gave Republicans 79 percent of their $61.5 million in campaign contributions, according to the Center for Responsive Politics.

If Bush really meant what he said, he would call for a freeze or cap on gasoline prices, especially in the regions affected most dramatically by Katrina.  He would challenge big oil to come up with a much more meaningful contribution to relief efforts.

Insurance companies are expecting up to $25 billion in claims from Katrina.  For ExxonMobil, which is headed to $30 billion in profits, to jack up prices at the pump and then only throw $2 million at relief efforts is unconscionable.

-- Derrick Z. Jackson, September 2, 2005, Boston Globe

(Boston Globe cartoon link retroactively snagged from [livejournal.com profile] yndy)

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