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Dems willing to criticize oil despite holding stock By Alexander Bolton Posted: 07/01/08 07:25 PM [ET]
More than a dozen Democratic members of Congress critical of oil companies have investments in the industry, according to a review of lawmakers’ financial assets.
At least 14 Democratic members of the House and one senator have holdings ranging from several thousand dollars to hundreds of thousands of dollars in companies such as Exxon Mobil Corp. and Chevron Corp. or partnerships such as Schlumberger and HornbeckThese lawmakers have accused oil companies for making record profits, manipulating prices, benefiting from unnecessary tax breaks and trying to gobble up federal lands.
Democrats argue that their criticisms of the oil industry show they are willing to do what is best for Americans despite their own financial interests.
“I always vote against the companies I own,” said Rep. Steve Cohen (D-Tenn.). “I don’t give a damn.”
Cohen owns $15,000-$50,000 of stock in Chevron, $50,000-$100,000 in Exxon Mobil, and $15,000-$50,000 in Schlumberger, a highly profitable oil-services company that provides technical expertise and equipment.
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Offshore Services.
It is those very companies that have the capital and will have to diversify more into green technologies to survive.
and i also ask you...just what in the world does your reply have to do with the fact that our elected democrats like to make a show for the public and criticize the very companies they are making money off of?
what does any of that have to do with the fact that the elected to office democrats who beotch the heaviest own stock in said companies?
... so you would prefer that only people without consciences earn money from investments. Buying shares allows you to have a say at shareholder meetings.
everybody wants money for nothing. that's what investing is..that's what USA is based upon so blame the founders.
by the very definition of hypocrisy...they are hypocrites.