Tags

, , , , ,

For instance, on Big Oil:

Senator Claire McCaskill (D): Good morning. In Missouri today most Missourians are suffering and thinking about gasoline prices. They are not worried about what committee hearings are being held in Washington and they’re not worried about what letters are written. They’re just really worried about their family’s budgets because gas prices have really delivered a gut punch to, uh, most of the people who, uh, live and work in my state.

There are actually three parts to the price of gas. One is supply, one is demand, and one is speculation. And today we want to focus in on the first of those three, supply.

In May of two thousand and ten the refineries in this country were operating at an eighty-eight percent capacity. In other words they were using almost, uh, ninety percent of their ability to refine.

So, why is it today that these same refineries are only operating at eighty-one percent capacity? It is not because there is not enough crude oil in storage. There is plenty of crude oil in storage.

Refineries are the gateway of supply of gasoline in this country.

That is why the letter has been written to the FTC [Federal Trade Commission] to drill down, pardon the expression, and take a look at the refinery decisions that are being made.

This diagram shows you the refiner’s profit margin at that point in the process. They have obviously enjoyed a great deal of increase in profit just because they decided to deliver less fuel to Missourians and Americans across this country.

I think, um, the American people have, have every right to be cynical about the Big Oil and its influence on Washington. And this is just another piece of the puzzle that we need to get at as we try to take away taxpayer subsidies to Big Oil and hold big oil accountable for whatever may be going on in the supply chain that is hurting the families that I work for.

And then, to contrast, there’s Representative Todd Akin (r) who wants to be the junior senator from Missouri starting in 2013.

On preserving the Section 199 domestic manufacturing tax credit for the five largest oil companies, you know, corporate welfare for “the five biggest most profitable corporations in the history of the planet”:

FINAL VOTE RESULTS FOR ROLL CALL 293

H RES 245      YEA-AND-NAY      5-May-2011      10:59 AM

QUESTION:  On Ordering the Previous Question

BILL TITLE: Providing for consideration of H.R. 1229, to amend the Outer Continental Shelf Lands Act to facilitate the safe and timely production of American energy resources from the Gulf of Mexico; and for consideration of H.R. 1230, to require the Secretary of the Interior to conduct certain offshore oil and gas lease sales

—- YEAS    241 —

Akin

[emphasis added]

Yep, there is a difference.