Guess Who’s Heavily Invested in Oil Stock?

People in glass houses.

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.

At least 14 Democratic members of the House and one senator have holdings ranging from several thousand dollars to hundreds of thousands of dollars in companies such as Exxon Mobil Corp. and Chevron Corp. or partnerships such as Schlumberger and Hornbeck Offshore Services.

These lawmakers have accused oil companies for making record profits, manipulating prices, benefiting from unnecessary tax breaks and trying to gobble up federal lands.

Democrats argue that their criticisms of the oil industry show they are willing to do what is best for Americans despite their own financial interests.

“I always vote against the companies I own,” said Rep. Steve Cohen (D-Tenn.). “I don’t give a damn.”
Cohen owns $15,000-$50,000 of stock in Chevron, $50,000-$100,000 in Exxon Mobil, and $15,000-$50,000 in Schlumberger, a highly profitable oil-services company that provides technical expertise and equipment.

While many Republican lawmakers also have investments in the oil and gas sector, Democrats have generally been much more critical of the role oil companies have played in rising gas prices.

Link: http://thehill.com/leading-the-news/dems-willing-to-criticize-oil-despite-holding-stock-2008-07-01.html

Democrats put on a dog and pony show; berating oil company execs and benefiting from the profits raked in from skyrocketing prices, all the while.

If/when the bottom falls out of the market thanks in part to the antics of these assclowns, they’ll be the first to blame the oil execs and the (next) Republican administration.

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