Why sink all of their money into the kinds of companies they regularly demonize?

Well, heck…they don’t really mean it. They don’t mean half the crap they spew, they just want the power and control of the office.
Now some,like SanFran Nan, Murtha, Reid, Dodd, and yup Barry (carter2), they’re just out there…. and probably are filled with enough hate to go around.

It probably comes as no surprise that many of the liberals who routinely attack ‘Big Oil’ also profit from investments in those oil companies. The Hill has the story:
Sen. John Kerry (Mass.), the 2004 Democratic nominee, has blasted his col…

The Kennedy family own their very own oil company, Kenoil. Maybe they oppose drilling in ANWAR because they don’t like competition.

flenser on July 2, 2008 at 2:54 PM

I’ll bet Joe was all for Prohibition, too.

Bulls**t.

“I don’t give a damn.”

?

Liar.

If he didn’t give a damn, he wouldn’t own them. The money would be in the bank.

“I always vote against the companies I own,” said Rep. Steve Cohen (D-Tenn.). “I don’t give a damn.”

Always. No matter what your constituents want or is in their best interest. What a self serving, arrogant, holier than thou moron.

More than a dozen Democratic members of Congress critical of oil companies have investments in the industry, according to a review of lawmakers’ financial assets.

TREASON = THE NEW DEMOCRAT PATRIOTISM

Don’t do as I do, just do as I say! /Sarcasm

Robert Kennedy says Oil Profits are “immoral”, yet he owns oil stocks in his Trust he lives off of, per Peter Sweizers book “Do as I Say, not as I do”

then of course, Ralph Nadar is a prime example of this type of game

Not so much as owned by them but more like used. take refineries for example. It is doable but the environmental activists bog it down. there are ways to strealine the process but niether the oil comapnies nor the environmental wackos want that. when the oil companies need to increase capacity they just build on to the present refineries.

Each blends into the other. The people that get screwed is of course the consumer.

ed you miss the point by voting to limit drilling the dems are forcing the price of oil up which thereby bids up their stock. Self-Interest is in play here. what would be not self-interest is voting FOR drilling which would lower the price of oil and thereby lower the stock price of these companies.

jp on July 2, 2008 at 1:36 PM

Hit the nail on the head.

But what about those who actually yank or freeze their Stock, commodities and trades before they go into office? Cheney did it with his…. but not many others have.

Ed you have stumbled upon something not many in the American society is unaware of. Not all politicians (even with Ethics reform) admit to having certain types of Stocks in certain areas.

Now, everyone… think about it. The wealthiest people in the Senate are Democrats. Figure out which Stocks they own… and I bet you will be pissed off Americans. I have known for a LONG time which People owns what due to what I do.

“I always vote against the companies I own,” said Rep. Steve Cohen (D-Tenn.). “I don’t give a damn.”

Maybe he’ll vote against Obama, even though he wants him to win.

If Profit Margin is 7% or so for “Big Oil”….then Gas at $2 is a 14 cent profit, at $4 its 28 cent profit…

“I always vote against the companies I own,” said Rep. Steve Cohen (D-Tenn.). “I don’t give a damn.”

Another example of the type of stellar, intelligent, competent quality leadership voters can count on from their elected leaders in Congress!

And yet another reason for invoking Term Limitation on every single solitary one of them!

Speaking of oily hypocrites, it is well known that the enviro-savvy Kennedy family has significant investments in oil and drilling companies.

MB007 on July 2, 2008 at 1:08 PM

I’ve read about this in Peter Schweizer’s Do As I Say (Not As I Do). Most of their holdings are in the western part of the South, such as Texas and Oklahoma, if I recall correctly, and are in the form of mineral rights on plots of land owned by people who are far less well off then the Kennedys themselves. In most cases, the land owners receive little if any of the revenue produced by the oil.

It’s hard to know how to feel about this. On one hand, credit should be given for elected officials who don’t automatically act to protect their individual investments

It’s pure pandering on the part of these Dems. They know that nothing is going to happen. Since the Dems took over both houses, gas prices have gone sky high. All the Dems do is act like hypocrites, by yelling and screaming, and marching out the oil company CEOs for grandstanding purposes. Typical.

It’s hard to know how to feel about this. On one hand, credit should be given for elected officials who don’t automatically act to protect their individual investments.

You mean like by blocking all new drilling and refineries so supply stays low and demand stays high so profits stay high? Oh I see, you mean by critisizing them in public and threatening higher tax rates. Oh, I see now. That would really cause the value of the equity to fall – not!

It’s a form of self-indulgent hypocrisy,

Bingo. Dead on, Ed.

Schlumberger, a highly profitable oil-services company that provides technical expertise and equipment.

Schlumberger is a French company, and the only serious competitor to Halliburton. Although they invest in the US, what does it say when an American congressman has invested significant amounts of money in a foreign company when there is an American alternative?

Speaking of oily hypocrites, it is well known that the enviro-savvy Kennedy family has significant investments in oil and drilling companies.