I'm sorry but this is freaking funny reading right here!
Chevron CEO: Market, not greed, driving gas prices - CNN.com
Chevron CEO: Market, not greed, driving gas prices
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Blitzer: You know you have -- you and ExxonMobil, the Big Oil companies --have a huge public relations problem. In all the recent polls, when the American public is asked, who do you blame for these huge gas prices at the pump, they -- more than any other single source -- they blame Big Oil. They blame you. What's going on? Watch Blitzer grill O'Reilly »
O'Reilly: Well, I don't think they blame us as much as you think. It looks to me like there's a lot of blame to go around.
Blitzer: There's other blame, but more than any other single source, they blame Big Oil.
O'Reilly: It depends on the poll you look at.
Blitzer: The recent Gallup Poll.
(right about here Mr. O'Reilly just shat him self a little and his ear piece, the same one utilized by our boy king praise be upon his name little baby jesus bush, kicked in and was thus informed to spin....spin like his little dick depended on it!)
O'Reilly: Let me point out what we're trying to do about this because I think the issue here is one of supply. And prices are high today, but it's fundamentally a concern about oil supplies -- 75 percent of the price of gasoline is related to crude oil.
We're very dependent on crude oil imports. The total world demand for crude oil has been growing steadily over the last decade. And that is affecting everybody's price. So it is a concern, but we need to work on the supply side, as well as the demand side, to bring change.
Blitzer: Because you have had record profits, right?
O'Reilly: We're investing those record profits.
Blitzer: But billions and billions of dollars in profits, more than ever before.
O'Reilly: Yes, but it's a big business. (ENTER THE SPIN!) And on a return-on-sales business, we're right in there with the average of American business today. What we're doing is investing that money. For example, last year, we did make a lot of money, $18.7 billion. This year, our capital investment in new supplies is $22.9 billion, almost $23 billion.
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