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Senator rips ex Exxon CEO's retirement package
http://news.yahoo.com/s/nm/20060418/pl_nm/energy_exxon_senator_dc_1
and "For Leading Exxon to Its Riches, $144,573 a Day" NYTimes - April 15.
Meanwhile - Oil Prices Settle Above $71 a Barrel
WASHINGTON - Oil prices settled at a new high above $71 a barrel Tuesday as supply threats around the world overshadowed a new report from OPEC forecasting weakening global demand.
So gasoline will be more expensive for the forseeable future.
Well, it's not like anyone's forcing you to buy gasoline.
http://news.yahoo.com/s/nm/20060418/pl_nm/energy_exxon_senator_dc_1
WASHINGTON (Reuters) - Amid record oil prices and soaring gasoline costs, Exxon Mobil's $400 million retirement package to its former CEO is a "shameful display of greed" that should be reviewed by Congress and investigated by federal regulators, Democratic Sen. Byron Dorgan said on Tuesday.
Dorgan said he wants Exxon Mobil officials to appear at a Senate Commerce Committee hearing to explain how the corporation "justifies" giving its former boss, Lee Raymond, such a huge retirement package.
"There can be no more compelling evidence that the price gouging and market manipulation which has produced record oil prices is out of control, and is working to serve the forces of individual greed and corporate gluttony at the painful expense of millions of American consumers," Dorgan said.
Dorgan's criticism of Raymond's financial package came on the same day that U.S. crude oil prices hit a record high of more than $71 a barrel at the New York Mercantile Exchange.
and "For Leading Exxon to Its Riches, $144,573 a Day" NYTimes - April 15.
Meanwhile - Oil Prices Settle Above $71 a Barrel
WASHINGTON - Oil prices settled at a new high above $71 a barrel Tuesday as supply threats around the world overshadowed a new report from OPEC forecasting weakening global demand.
So gasoline will be more expensive for the forseeable future.
Well, it's not like anyone's forcing you to buy gasoline.
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