“Where is your corporate conscience?” at Oil Change. As oil climbed to a humungous record of $135 a barrel, yesterday US senators once again lined up Big Oil’s biggest executives and pummeled them with questions.
“Where is the corporate conscience?” Senator Dick Durbin, Democrat from Illinois, asked the top executives of the five largest U.S. oil companies, who have earned a whopping $36 billion during the first three months of this year. When asked about the obscene profits, the oil executives said one reason was areas remained off-limits, and then challenged lawmakers to open more areas to drilling. “If the nation set a goal of increasing domestic production by 2 (million) to 3 million barrels a day by opening up new sources of exploration and production, we could demonstrate to the world that we are in control of our own destiny,” Shell Oil Co.
Grants. Index.