Big Oil in the Parliament of Whores

The Senate, unwilling to let the House continue their unprecedented run of unhinged, irrational and childish behavior unaccompanied, hauled before them the leaders of Big Oil and strapped them to the whipping post for a public flogging on Capitol Hill, yesterday.

In a regrettable affront to 3rd graders everywhere, we imagine the leaders of Big Oil trying to explain global market dynamics as it relates to oil, would be like talking to a roomful of schoolchildren who haven’t yet been put down for their nap.

Typical of the exchanges between the petrol evil-doers and Congress:

Big Oil…

Lee R. Raymond, Exxon's chairman and chief executive, said that the industry's profits, measured as a share of its revenue, were no greater than those in other industries. We are in line with the average of all U.S. industry," Mr. Raymond said. "Our numbers are huge because the scale of our industry is huge. How are these earnings used? We invest to run our global operations, to develop future supply, to advance energy-producing and -saving technologies, and to meet our obligations to millions of our shareholders."

And the Senate…

“None of us knows much about pricing…” Senator Byron L. Dorgan of North Dakota.

Of course, this harangue-op will do absolutely nothing to lower the price of oil nor will it do anything to bring more of the world’s currently most economically feasible energy commodity to market. It won’t… we promise.

Full story here.


Some of the planet's perturbed, scaring children and crinkling noses at the hearings yesterday.