On Monday, Will Senators Stand With The 99 Percent Or With Big Oil?

Posted on

"On Monday, Will Senators Stand With The 99 Percent Or With Big Oil?"

Sen. Majority Leader Harry Reid (D-NV) is calling for an end to oil tax breaks, with plans for a procedural vote on Monday. While the American public wants an end to the billions of dollars in Big Oil handouts, the latest House Republican budget plan once again delivers massive tax breaks to the richest 1 percent and preserves the huge giveaways to the oil industry.

With gas prices skyrocketing — they reached their highest record in the month of March — and oil companies raking in a record $137 billion in profits in 2011, will the Grand Oil Party stand up for the American families bearing the burden of high gas prices or the oil companies bankrolling their campaign coffers?

The Big Five oil companies made a record $137 billion in profits in 2011 while continuing to benefit from high gas prices
  • The big five oil companies—BP, Chevron, ConocoPhillips, ExxonMobil, and Shell—combined to make a record-high $137 billion in profits in 2011—up 75 percent from 2010—and have made more than $1trillion in profits from 2001 through 2011.
  • Oil companies are reducing the supply of gasoline available for U.S. markets by closing refineries in the East. According to the Energy Information Agency, ConocoPhillips and Sunoco have closed two refineries in the Philadelphia area, with another expected to close later this summer. Additionally, a major Caribbean export refinery that supplies the East Coast closed last year.
  • A recent CAP analysis found that for every penny more consumers pay at the pump Big Oil profits increase by another $200 million.
  • A Congressional Research Service report released in May 2011 found that the repeal of five key oil industry tax breaks would lead to little or no increase of gasoline prices.
Despite claims of the “drill here, drill now” crowd, domestic production of oil is up, domestic demand is down, yet gas prices continue to rise
Big Oil makes record profits, then doles out millions in campaign contributions to Republicans, who then vote to protect Big Oil handouts
  • The big five oil companies—BP, Chevron, ConocoPhillips, ExxonMobil, and Shell—combined made a record-high $137 billion in profits in 2011.
  • Meanwhile, the oil and gas industry has already contributed over $20 million in federal campaign contributions this election cycle, with 88 percent of all Big Oil contributions going to Republicans.
  • Oil and gas companies spent $146,017,552 on lobbying last year, making them the third-highest spending industry.
  • Last year the Senate failed to end billions of dollars in oil tax breaks by a vote of 52-48, with the Big Oil backers receiving $21 million in career oil contributions compared to the $5.4 million received by those who voted to end these Big Oil handouts.
  • Since 2006 Senate Republicans have taken $13,818,359 from the oil and gas industry compared to the $3,332,251 received by Democrats. On average, Senate Republicans have taken four times the amount in Big Oil contributions of Democrats.
  • Since 2006 the Senate has received $17,240,960 in Big Oil money and $30,116,264 in career contributions, according to data from the Center for Responsive Politics.

Listed below are oil and gas contributions from PACs and individuals giving $200 or more to Senators between the 2006-2012 election cycles and over their career, using data from the Center for Responsive Politics:

Last Name First Name Party State Oil & Gas Since 2006 Oil & Gas Career
Akaka Daniel D HI               6,800             33,500
Alexander Lamar R TN          159,350           414,550
Ayotte Kelly R NH          373,418           142,368
Barrasso John R WY          409,900           416,650
Baucas Max D MT          193,800           358,815
Begich Mark AK          153,705           153,705
Bennet Michael D CO          151,170           137,170
Bingaman Jeff D NM          130,499           446,440
Blumenthal Richard D CT               8,500                8,500
Blunt Roy R MO          363,950           760,598
Boozman John R AR          101,352           141,952
Boxer Barbara D CA             19,350             40,075
Brown  Scott R MA          198,660           198,660
Brown  Sherrod D OH             14,850             63,250
Burr Richard R NC          234,800           549,852
Cantwell Maria D WA             39,666             61,116
Cardin Benjamin D MD             39,400             71,900
Carper Thomas D DE             48,600             71,060
Casey Bob D PA          103,150           103,150
Chambliss Saxby R GA          260,300           381,192
Coats Daniel R In          144,783           348,908
Coburn Tom R OK          190,400           552,163
Cochran Thad R MS             94,250           231,485
Collins Susan R ME             83,900           175,643
Conrad Kent D ND             72,150           312,403
Coons Chris D DE             13,373             13,373
Corker Bob R TN          414,250           462,950
Cornyn John R TX       1,197,275       1,877,550
Crapo Mike R ID             94,300           314,689
DeMint Jim R SC          149,323           248,389
Durbin Richard D IL             23,100             66,800
Enzi Michael R WY          126,800           305,650
Feinstein Dianne D CA             63,500           179,750
Franken Al D MN             19,200             19,200
Gillibrand Kirsten D NY             67,882             74,050
Graham Lindsey R SC             64,150           154,875
Grassley Chuck R IA          132,500           270,050
Hagan Kay D NC             17,550             17,550
Harkin Tom D IA             61,550           189,500
Hatch Orrin R UT          310,750           452,425
Heller Dean R NV          122,100           210,050
Hoeven John R ND          263,289           263,289
Hutchsion Kay Bailey R TX          476,586       2,223,271
Inhofe James R OK          550,350       1,367,523
Inouye Daniel D HI             25,850             65,850
Isakson Johnny R GA          130,900           248,514
Johanns Mike R NE             82,800             82,800
Johnson Ron R WI          113,950           113,950
Johnson Tim D SD             62,350           127,706
Kerry John D MA               4,710           407,570
Kirk Mark R IL          159,750           207,750
Klobouchar Amy D MN             19,716             19,716
Kohl Herb D WI                      –                  1,300
Kyl Jon R AZ          145,900           334,332
Landrieu Mary L.  D LA          492,030           891,574
Lautenberg Frank D NJ             40,800             95,900
Leahy Patrick D VT                   250             10,250
Lee Mike R UT             50,350             50,350
Levin Carl D MI             23,100             92,844
Lieberman Jo CT             84,850           196,250
Lugar Richard R IN             67,600           217,225
Manchin Joe D WV          141,300           141,300
McCain John R AZ       2,622,764       2,870,491
McCaskill Claire D MO             55,058             55,058
McConnell Mitch R KY          759,450       1,154,011
Menendez Robert D NJ             58,900           118,650
Merkley Jeff D OR               6,500                6,500
Mikulski Barbara D MD               9,650             47,710
Moran Jerry R KS          139,000           385,496
Murkowski Lisa R AK          320,326           533,489
Murray Patty D Wa             21,716             57,366
Nelson Ben  D NE          217,650           271,555
Nelson Bill D FL             56,617             86,117
Paul Rand R KY          107,840           106,840
Portman Robert R OH          313,858           323,458
Pryor Mark D AR          153,650           183,800
Reed Jack D RI               5,200             12,850
Reid Harry D NV          136,550           349,336
Risch James R ID             88,350             88,350
Roberts Pat R KS          250,000           429,800
Rockefellar Jay D WV             73,550           310,250
Rubio Marco R FL          244,034           244,034
Sanders Bernie VT               5,500                7,200
Schumer Charles D NY             64,200           239,551
Sessions Jeff R AL          106,200           297,500
Shaheen Jeanne D NH             12,300             21,000
Shelby Richard R AL             50,900           352,700
Snowe Olympia R ME             73,200           173,900
Stabenow Debnbie D MI             35,750             54,100
Tester Jon D Mt             26,400             26,400
Thune John R SD          189,835           649,462
Toomey Patrick R PA          315,366           362,716
Udall Mark D CO          120,110           169,029
Udall Tom D NM          105,329           150,210
Vitter David R LA          612,850       1,018,685
Warner Mark D VA             20,400             59,200
Webb Jim D VA             26,006             26,006
Whitehouse Sheldon D RI             25,550             25,550
Wicker Roger R MS          356,400           538,810
Wyden Ron D OR             43,264           117,864
      TOTAL    17,240,960     30,116,264
GOP    13,818,359     23,249,395
Democrats       3,332,251       6,663,419
Independents             90,350           203,450
« »

Comments are closed.