[Congressional Record Volume 152, Number 100 (Wednesday, July 26, 2006)]
[House]
[Page H5861]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




 BIG OIL HAS ANOTHER GREAT QUARTER WHILE THE CONSUMER IS GOUGED AT THE 
                                  PUMP

  (Mrs. McCARTHY asked and was given permission to address the House 
for 1 minute.)
  Mrs. McCARTHY. Big Oil has another great quarter while the consumers 
are gouged at the pumps.
  Mr. Speaker, the numbers are already pouring in. All week, Big Oil 
and Gas will tout their profits during the second quarter. The real 
question now is, will they break the records of the first quarter, more 
than $16 billion just for the Big Three.
  B-P announced its profits earlier this week, bringing in $6.1 billion 
during the second quarter. We will hear the rest of the numbers later 
this week.
  Mr. Speaker, America can do better. We have the technology. We have 
the willpower. But we have to work together. It is basically Democrats 
that actually have the answers on what we can do to reduce oil prices 
in this country. This isn't short term. It's long term. We need to work 
together. We need to get this done.
  Consumers at home are hurting. Middle-income families are hurting 
when you have expensive oil on Long Island where I live, $3.29, it has 
been that way for quite a while, and that is only for the economy fuel. 
It is raising our fuel prices. It is raising everything. And they 
wonder why the economy, which is supposed to be, quote, doing well, our 
middle-income families are not. They are hurting.

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