Wednesday, November 09, 2005

CSPAN: Grandstanding on a Grand Scale (Updated with archive video and Barbara Boxer's Publicity Stunt)

CEOs Testify on Energy Prices Executives from five major oil companies testify at a Senate joint hearing on energy prices. Requested by Sen. Maj. Leader Bill Frist (R-TN), the hearing looks into the impact of Hurricane Katrina and high winter bills. The heads of ExxonMobil, Chevron, ConocoPhillips, BP America and Shell Oil are witnesses. WEDS., 9:30AM ET, C-SPAN3

The economic simpletons in the Senate are in full 'populist' mode. If transcripts are available, they will be posted here.

Update: CNBC:Oil execs defend profits at Senate and Oil Company Execs Defend Huge Profits (HT: BizzyBlog)

Update (11/10/2005): Video archive (Real Audio) of the hearing and Opening Remarks of Oil Executives. Senator Boxer's publicity stunt (cajoling oil executives to donate their bonuses for low-income individuals) (as characterized by Senator WasteTed Stevens) is at 1:56:38 into the video.


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