Oil CEOs testify before Senate Finance Committee

Some sharp words exchanged here. Apparently Conoco put out a statement saying the removal of oil subsidies is “un-American.”

Schumer and Menendez asked the CEO to apologize but he refused to do so.

Lots of CAP research cited by Dems and serious spin by R’s. I almost feel bad for the CEOs – all of their Republican defenders are leaving for a deficit reduction meeting at the White House. Coincidence? Perhaps.

Rockefeller said that the CEOs are out of touch because they can’t identify with the average person at the pump (Said the pot!). Besides Schumer’s well-rehearsed populist outrage, I think the discussion is getting too wonky and the CEOs are winning by throwing out confusing numbers.

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