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Author Topic:   Big Oil's 10 Favorite Members of Congress
naiad
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posted October 24, 2006 09:51 PM           Edit/Delete Message   Reply w/Quote
Big Oil's 10 favorite members of Congress

Wonder why we don't have a national energy policy or a serious push toward alternatives? Follow the money that oil and gas companies send to Congress.

by Jim Jubak

Think it's a matter of chance that we don't have a meaningful national energy policy? Wondering why oil and gas companies don't pay higher royalties to the Treasury now that oil is over $55 a barrel? Amazed that Washington loves to talk about energy research with promise 15 years down the road, but won't put significant money into alternative technologies that could reduce energy consumption now?

For answers to all those questions and more, just follow the money. Nothing about U.S. energy policy should be a surprise if you know where the money's been going and which legislators have taken the biggest payouts from the energy industry. So don't miss your only chance in the next two years -- the Nov. 7 election -- to tell Congress what you think of its sellout to the energy companies.

It has become increasingly expensive to run for national office, and any politician who wants to win has to raise big bucks these days. In the 2006 election cycle, according to the Federal Election Commission, as of Oct. 20, challengers and incumbents running for the House of Representatives had raised $713 million for their campaigns. Those for Senate had raised $452 million. And these figures don't include any of the money raised by "independent" organizations, so-called 527 groups such as Emily's List on the left ($9.6 million raised) or Club for Growth on the right ($6.2 million raised).

Lawyers top contributor list
Corporations and affiliated individuals have coughed up a big chunk of that money. By industry, the top honor on the giving roll goes to lawyers and law firms, with $89 million contributed, according to Federal Election Commission data compiled by the Center for Responsive Politics, which describes itself as nonpartisan and nonprofit. As the Republicans have said in campaign after campaign, the bulk of that -- 69% to 30% -- has gone to Democrats. But the Republicans don't need to worry; there's plenty of money coming into their till from other industries. Second place goes to the retirement industry with $86 million (54% goes to Republicans). Third place? The real estate industry with $53 million (57% goes to Republicans.)

The oil and gas industry comes in at No. 15 with $14 million in contributions. The top five contributors were Koch Industries, ExxonMobil (XOM, news, msgs), Valero Energy (VLO, news, msgs), Chevron (CVX, news, msgs) and Occidental Petroleum (OXY, news, msgs), according to the Center for Responsive Politics.

That $14 million puts the oil and gas industry in the company of such heavyweights as electric utilities (at $12 million) and the pharmaceutical industry (at $14 million).

Most energy money goes to GOP
The oil and gas industry's giving is highly, highly focused. Oil and gas executives seem to feel that with the Republicans in solid control of Congress, there's no need to give to anybody but Republicans, since they're the folks that can get things done. There's none of the fence straddling of the securities industry, which has divided its $46 million in contributions almost evenly between Republicans (47%) and Democrats (51%). A whopping 83% of oil and gas money has gone to Republicans in this election cycle. To find similar imbalance, you have to look at such Democratic bulwarks as the public-sector unions, 84% Democratic in their giving, and the building trades unions, at 83% Democratic.

So who did this concentrated dose of cash go to? Here are the top 10 -- all Republicans -- as complied by the Center for Responsive Politics:

Big Oil's 10 favorite Congress members Rank Candidate Office Amount given by oil and gas industry
1
Hutchison, Kay Bailey, R-Texas
Senate
$258,361

2
Burns, Conrad, R-Mont.
Senate
$188,775

3
Santorum, Rick, R-Pa.
Senate
$188,120

4
Bode, Denise, R-Okla.
House
$153,650

5
Allen, George, R-Va.
Senate
$148,600

6
Talent, James M., R-Mo.
Senate
$147,470

7
Cornyn, John, R-Texas
Senate
$142,750

8
Barton, Joe, R-Texas
House
$138,450

9
Hastert, Dennis, R-Ill.
House
$122,200

10
Pombo, Richard, R-Calif.
House
$121,340

Data from the FEC as of Sept. 11, 2006. Compiled by the Center for Responsive Politics.

You've got to hand it to the oil and gas industry. They know how to support their favorite sons and daughters, of course: Texans Kay Bailey Hutchinson and John Cornyn, after all, are both senators from a big oil state.

But the industry keeps its eye on the prize. If you want to keep oil and gas royalties low; if you'd like to drill in environmentally sensitive areas; if you want to keep the government from admitting that global warming might exist; if you want to make sure that money flows to research in alternative energy technologies for the future but not to commercialize alternative technologies today, then you give to the key people who can get those jobs done.

So you contribute to the campaign of California Republican Rep. Richard Pombo, chairman of the House Resources Committee in charge of deciding how the oil and gas (and other industries) can use government land and how much they'll pay for that use. Pombo has been a point man in the House in efforts to open the Arctic National Wildlife Refuge to oil and gas drilling.

(The committee's jurisdiction also extends to gambling on Indian lands. Pombo and his personal political action committee, known as Rich PAC, reportedly are being investigated in the Jack Abramoff lobbying scandal. Indian tribes paid Abramoff and his lobbying firm big fees in exchange for promises he would get favorable rulings from lawmakers and members of the executive branch on their casino plans.)

Pombo is also involved in my favorite bit of election-year irony. He has been criticized for lobbying then-Interior Secretary Gale Norton to suspend regulations opposed by the wind-power industry because his parents collect sizable royalties from windmills on their ranch. Pombo, his critics have noted, has a personal interest in the ranch. So who should Pombo face in the 2006 election? Democrat Jerry McNerney, a wind-power engineer and CEO of a start-up wind-turbine manufacturer.

The oil and gas industry also gives heavily to Texas Rep. Joe Barton, chairman of the House Energy and Commerce Committee; to Sens. James Talent of Missouri, Conrad Burns of Montana and George Allen of Virginia, all of whom sit on the Senate Energy and Natural Resources Committee; to Illinois' Dennis Hastert, speaker of the House, who plays a huge role in deciding what legislation moves to the floor for a vote and what doesn't; and to Pennsylvania's Rick Santorum, head of the Senate Republican Conference and announced candidate for Republican whip in 2006 if he wins re-election.

Control of Congress up in air
Among the top 10 recipients of oil and gas money, Pombo, Talent, Burns and Santorum face stiff races for re-election this year. That, plus the possibility of a shift in control of one or both houses of Congress from Republican to Democratic, creates some interesting angles for investors interested in playing potential changes in U.S. energy policy as the biases of Republican incumbents yield to the biases of Democratic replacements.

Sometimes it's hard to tell exactly what the effect might be. So for example, a shift in control of the House of Representatives would be likely to unseat Barton as chairman of the House Energy and Commerce Committee. (Barton is a lock in his re-election. The incumbent has raised $2.7 million to Democratic challenger David Harris' $22,000. Harris had $932 in his campaign treasury as of Oct. 20.)

Barton has been one of the fiercest congressional critics of global-warming theories. At a recent congressional hearing, he said, "As long as I am chairman, (regulating the gases that produce global warming) is off the table indefinitely. I don't want there to be any uncertainty about that." But Barton's likely replacement would be John Dingell, D-Mich., a fierce advocate for the U.S. automobile industry.

In other cases, the effect of the change is easier to extrapolate. Pombo's likely replacement as chairman of the House Resources Committee would be Nick Rahall, D-W.Va. Can you say "coal," boys and girls?

Money and politics go hand in hand
No matter how the elections turn out this year, of course, the connection between money and politicians will survive. Incumbents of both parties know that taking the money out of politics -- I mean, really taking it out -- would destroy one of most effective tools they have for assuring their own re-election. Taking the money out of campaigns is less likely than the Easter Bunny passing out eggs in January.

So vote your convictions. Throw this year's bums out. They certainly deserve it. Then watch to see which newly elected politicians start quickly to work to become next year's bums.

And always remember the great American humorist Finley Peter Dunne's advice: "Trust everybody, but cut the cards."

http://articles.moneycentral.msn.com/Investing/JubaksJournal/BigOils10FavoriteMembersOfCongress.aspx

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lotusheartone
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posted October 24, 2006 09:56 PM           Edit/Delete Message   Reply w/Quote
Have you ever considered..that other countries do nothing for their environment..the U.S. does so much for the environment..while other countries pollute the world..with no regulations what-so-ever...

God Bless America!

for ALL. ...

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TINK
unregistered
posted October 24, 2006 10:26 PM           Edit/Delete Message   Reply w/Quote
You can't possibly be serious, lotus

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lotusheartone
unregistered
posted October 24, 2006 10:55 PM           Edit/Delete Message   Reply w/Quote
hehe..just looking for balance...lol

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SecretGardenAgain
unregistered
posted October 25, 2006 12:40 AM           Edit/Delete Message   Reply w/Quote
Its ok to try and find balance if you're stating the truth.

Lotus, have you ever done any research on what European Union countries, and the UK have done for the environment?

Do you know that the US is also one of the largest (the last time I checked, maybe now its the largest) pollution-producing nation on the planet? It comes with the territory of being the most developed economically. If you had said that , maybe I would have called it a balance. If you had mentioned something concrete like pollution permits, I might have called it balancing. But you always contribute with no factual evidence.

Its about time you made an INTELLECTUAL contribution to this board, and stop pulling things out of your @$$.

If you disagree, show me ONE post that has any intellectual value and maybe we can vote here on how much value that really has.

Love
SG

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jwhop
Knowflake

Posts: 2787
From: Madeira Beach, FL USA
Registered: Apr 2009

posted October 25, 2006 12:57 AM     Click Here to See the Profile for jwhop     Edit/Delete Message   Reply w/Quote
Anyone here remember "Lord" Lloyd Bentsen, the democrat Senator from Texaco?

The statement that America is the biggest polluter in the world would be hard, if not impossible to prove.

My guess is that China is the overall winner in that category.

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lotusheartone
unregistered
posted October 25, 2006 06:46 AM           Edit/Delete Message   Reply w/Quote
What I think, and my opinions..come from within..I have nothing to prove..you can ignore me..be my guest. ...

Yes..Jwhop..China!

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lotusheartone
unregistered
posted October 25, 2006 11:46 PM           Edit/Delete Message   Reply w/Quote
Hey SG..hope you are in a better frame of Mind. ...

Who R U..smoked the catipillar!


Not even God passes Judgement...you reap what you sow..you get what you give. ...

LOve LOve LOve

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SecretGardenAgain
unregistered
posted October 26, 2006 12:00 AM           Edit/Delete Message   Reply w/Quote
Better frame of mind?

God doesn't pass judgement, I see but lotus can, about other nations and their efforts toward preserving the world. How wonderful.

Just repeatedly saying "love" will compensate for your lack of intelligence. Keep at it.

As for where your opinions come from, it seems like they're coming from your colon, which is the same place your crap is coming from, because your opinions and your crap have a lot in common--they're disgusting and have no value.

And as for ignoring you, I wish I could, as I have been for the longest time. See I could even ignore you if your only fault was that youre hands down the most f-ing annoying person on this forum. But thats not your only fault--you're also the most ignorant person here. Your absolutely ignorant, stereotypical, uninformed, unaware, and blatantly rude statements are making it just a little bit more difficult to remind myself how insignificant and laughable you really are, every day.

SG

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lotusheartone
unregistered
posted October 26, 2006 07:23 AM           Edit/Delete Message   Reply w/Quote
Well, I guess not..

my opinions...

and not being rude...

LOts of LOve to EveryOne. ...

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lotusheartone
unregistered
posted October 26, 2006 08:02 AM           Edit/Delete Message   Reply w/Quote
this Re-Action got me thinking...

it begins with each person
changing..
this out of balance disruption
is because of each and every One
of US..since the beginning of time

if each individual cannot mend his/her
ways..how do you expect to fix this mess

Is there no Hope for LOve and Light..
not even on this Site

Blind to One's Own faults and mistakes...
Hating, blaming..not going within
and starting with YourSelf edit OurSelf...

Wake Up
Wake Up
Wake Up

it's up to each and everyOne of US
and starts with YourSelf edit OurSelf
if you edit we can't change yourSelf edit OurSelves
how can you edit we change the World?
edit..cuz we all make mistakes...
Heaven Can be On Earth. ...

Pax et Bonum

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Mirandee
unregistered
posted October 26, 2006 10:26 AM           Edit/Delete Message   Reply w/Quote
You would be wrong, Jwhop. China is not the worst polluter in the world.

Which nations are the worst polluters?

Top of the list of climate sinners is the United States. It has 5 per cent of the world's population, but accounts for 24 per cent of global carbon dioxide emissions.

But other industrialised nations are not saints either. In terms of amounts of carbon dioxide emitted per person, western European countries, Australia and Japan are also significant contributors.

They are just now beginning to have automobiles for the common people in China, Jwhop. Before the Chinese could not afford automobiles and most Chinese people rode bikes.

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