Posted on June 18th, 2008 by Pamela Leavey
George W. Bush is doing an about face on a longstanding position on offshore drilling, and is calling on Congress today “to end a federal ban on offshore oil drilling, according to White House officials who say Mr. Bush now wants to work with states to determine where drilling should occur.”
The NY Times reports that the “move underscores how $4-a-gallon [...]
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Filed under: Big Oil, Bush Admin, Congress, Democrats, Economy, Election '08, Gas Prices, George W. Bush, House of Reps, In The News, John Kerry, John McCain '08, N.Y. Times, Pamela Leavey, Political News, Politics, Republicans, Senate
Posted on May 22nd, 2008 by Pamela Leavey
Oil executives testified before the Senate on Wednesday, defending their huge profits and high salaries, while “regular people are scrimping to pay for gasoline to go to work.” Senator Pat Leahy decided he “wanted to make it personal for the men of Big Oil.”
How much money did you make last year? the Vermont Democrat asked [...]
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Filed under: Big Oil, Consumers, Democrats, Economic News, Economy, Gas Prices, In The News, Pamela Leavey, Political News, Politics
Posted on August 17th, 2005 by Pamela Leavey
The NY Times is reporting today that Wal-Mart’s profits are down, they announced the “smallest quarterly profit growth in four years yesterday.”
“Wal-Mart Stores did miss their plan as our customer continues to be impacted by higher gas prices and it is difficult to improve our expense leverage in the current environment,” the chief executive, H. [...]
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Filed under: Economy
