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Markey: Americans tipped upside down at gas pump as Exxon Reaps Record Profits

By: Ed Markey
By: Ed Markey
Date: July 27, 2006
Location: Washington, DC
Issues: Oil and Gas


MARKEY: AMERICANS TIPPED UPSIDE DOWN AT GAS PUMP AS EXXON REAPS RECORD PROFITS

Today, Rep. Ed Markey (D-MA), a senior member of the House Energy and Commerce Committee, released the following statement on the massive profits announced by Exxon Mobil in their second quarterly earnings report this year:

"On the eve of the first anniversary of the passage of the Bush Energy plan, Exxon Mobil said it earned over $10 billion this quarter, the second largest quarterly profit ever recorded by a publicly-traded U.S. company. While American families get tipped upside down and have their savings shaken out of their pockets at the gas pump, the Bush-Cheney team devises even more ways to line Big Oil's pockets. The country is demanding a new direction, starting with tough fuel economy standards that will save them from more pain at the pump; unfortunately, the President is at the economic and diplomatic wheel of this country and is heading for a brick wall."

http://markey.house.gov/index.php?option=com_content&task=view&id=1917&Itemid=141

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