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Oil Profits + Bush campaign

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  • Randy Scott
    http://www.americanprogressaction.org/site/pp.asp?c=klLWJcP7H&b=132616 BUSH CAMPAIGN CONTRIBUTORS PROFITS SURGE: The record energy prices – and the White
    Message 1 of 1 , Aug 3, 2004
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      http://www.americanprogressaction.org/site/pp.asp?c=klLWJcP7H&b=132616
      BUSH CAMPAIGN CONTRIBUTORS' PROFITS SURGE: The record energy prices –
      and the White House's refusal to do anything to curb them – has meant
      a huge increase in profits for large oil companies, many of which are
      big Bush campaign donors. Earlier this week, "ConocoPhillips said
      second-quarter profits surged nearly 75%, to $2.1 billion."
      ConocoPhillips's CEO is Archie Dunham, a Bush Pioneer (aka. someone
      who has raised the Bush-Cheney campaign more than $100,000). Since
      2000, Conoco executives have given the Bush-Cheney campaign more than
      $200,000, and the company has given the RNC more than $350,000 in
      soft money. AP reports, "Shell saw its earnings rise 54%, thanks to
      higher prices for oil and natural gas." The company pocketed an
      additional $3.7 billion in profits. Shell's CEO is Jack Little,
      another Bush Pioneer and the company's executives have given the Bush-
      Cheney campaign more than $22,000. British Petroleum posted record-
      setting second quarter profits of $3.9 billion – a 23 percent jump
      from just one year ago. Since 2000, BP's executives have given the
      Bush-Cheney campaign more than $24,000 and the RNC more than $800,000
      in soft money. And ExxonMobil "posted its highest quarterly profit
      ever yesterday as the company continues to benefit from the long run-
      up in energy prices." The company posted second-quarter profit growth
      of 39 percent to $5.79 billion. Since 2000, ExxonMobil executives
      have given the Bush-Cheney campaign more than $75,000 and the RNC
      more than $700,000 in soft money.
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