Oil Executives Refuse To Take Oath before Senate
“History teaches us that punitive measures, hastily crafted in reaction to short-term market fluctuations, will likely have unintended negative consequences -- including creating disincentives for investment in domestic projects.” “In politics, time is measured in two, four or six years, based on the election cycle.” “In the energy industry, time is measured in decades, based on life cycles of our projects.”
- Lee Raymond, chief executive, Exxon-Mobil, Joint Hearing with Senate Commerce, Science and Transportation Committee (Reuters,
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