ExxonMobil Makes $10.5 Billion; George Allen Happy?

By: Lowell
Published On: 10/26/2006 9:22:18 AM

This morning comes word that ExxonMobil made $10.5 billion in profits during the third quarter of 2006, a near-record for a U.S. company.  This is great news for ExxonMobil, but not so good for the rest of us.  It is also great news for the George Allens of the world, who receive large campaign contributions from Big Oil.  As the DSCC pointed out back in April 2006:

Allen, a top recipient of big oil campaign contributions, has stood in the way of repeated efforts to hold the industry accountable.

GÇ£George Allen has protected the oil industry from tougher penalties for price gouging while theyGÇÖve raked in billions of dollars in record profits and Virginia sees record prices at the pump,GÇ¥ said DSCC spokesman Karl Frisch.  GÇ£The people of Virginia deserve a full time Senator committed to fighting for their interests not big oilGÇÖs.GÇ¥

Wonderful, huh?  In other words, George Allen has received $800,000 in campaign contributions from oil  and gas companies while in the Senate. What does that buy?  Hmmm...well, Allen has voted for a total of $44 billion in unneeded tax breaks for oil and energy companies. I guess THAT is what it buys!

In contrast, we have Jim Webb, NOT for sale, not compromised, and not bought and paid for like George Allen. 

Who would you rather have representing you in the U.S. Senate?  A man in the pocket of ExxonMobil or an American Hero who will fight for those who have no voice in the corridors of power?  This is not a difficult choice.  Jim Webb for Senate; George Allen for CEO of ExxonMobil!!  Ha.

Lowell Feld is Netroots Coordinator for the Jim Webb for US Senate Campaign.  The ideas expressed here belong to Lowell Feld alone, and do not represent those of Jim Webb, his advisors, staff, or supporters.

Comments



Allen: Big Oil Wave (hereinva - 10/26/2006 10:37:15 AM)


The primary concern is that profits aren't providing higher wages... (Caesonia - 10/26/2006 11:41:33 AM)
which is as it should be if we bcome more efficent. What is interesting is that in spite of record profits, we don't really see the shares jumping off to the races. Its like even the market is syaing " yeah, so you've got the sort of economic conditions that make it easy to have profits, while having to shut down a pipeline due to lack of maintenance. So what have you got to really show?"

I sit on the fence about this one. We as Americans have made the choice to not be very fuel efficient as a group, though US industry is still some of the most productive in the world.  People chose to buy large SUV's insted of using the lower oil prices as a way to make our country just that much more productive, and bigger an exporter.

Of course, the tax break issue for me, is what makes my cockles get up. This offering of tax breaks to industry has been a hinderance to their becoming more competitive, and I am not intersted in ANY politican who is intersted in hindering competitiveness. Ultimately, it won;t be a tinkers damn if wages don;t start to rise, ebcusae there won;t be many Americvans who can afford anything, and if you think the CHinese as a society will start buying your crap...well...you've got another think coming.

Us workers are more productive, its time that theya re rewarded for their increase in skill.



Allen's candidacy is a prime example of why......... (Ambivalent Mumblings - 10/26/2006 1:16:16 PM)
....people can make the claim that GOP should stand for Grand OIL Party.