Those oil execs have some explaining to do

We learned yesterday that the CEOs of the nation’s leading oil companies weren’t entirely honest with the Senate when they were asked about their role in Dick Cheney’s secretive energy task force. Not surprisingly, after learning of the discrepancies, Senate Dems pulled no punches.

Senate Democrats on Wednesday urged that oil company executives be summoned back to Capitol Hill to testify — this time under oath — about whether they participated in Vice President Dick Cheney’s energy policy task force.

Democrats also said they wanted to ask more questions about the industry’s record profits at a time of high energy prices.

Actually, that’s just the beginning. Sen. Frank Lautenberg (D-N.J.), who posed the task-force question in the first place, pressed the Justice Department to launch an “immediate criminal investigation” into whether the executives lied to Congress

As a political matter, this seems more like a controversy for the oil companies than the White House. It was, after all, the CEOs who apparently avoided the truth during the hearing, not Cheney. On the other hand, Lautenberg raised a good question yesterday that shifts the focus a bit: “What went on at these secret White House meetings that may be motivating oil company executives to deny their participation?” Hmm.

To be sure, Dems aren’t going to let this slide. Sens. Pete V. Domenici (R-N.M.) and Jeff Bingaman (D-N.M.) sent a joint letter to each of the five CEOs yesterday asking them to “clarify” their Senate testimony.

I can’t wait to see their responses.

As always, it’s the cover-up. But I think they lied about their participation because, if they’d admitted it, the next question would be about the content of that participation–questions that indeed should be asked. Is the US now run for the sole benefit of corporations?

Slightly off-topic: when are the Dems going to attack that IRS loophole that allows companies to incorporate in tax-sheltered countries to avoid paying taxes on the money they earn in the US?

  • Ummmm… LeisureGuy… It doesn’t need to be asked whether the US is run for the sole benefit of corporations. That is a ridiculous question. It is also run for the enjoyment and profit of a few ultra-wealthy individuals!

  • I highly recommend the book “When Corporations Rule The World” by David Korten.

    It describes in great historical detail exactly how we got so screwed up. And what the implications are.

    Written in 1993, it was amazingly prescient. I wish I had discovered it back then.

    My “litmus test” for any SCOTUS nominee is whether they think Southern Pacific v. Santa Clara (1888) was correctly decided. I think it was an abomination and several Justices over the past 100 years have agreed that it was. It is high time to challenge and reverse it.

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