Welcome to modern American capitalism. Anyone really wonder why the US isn't as competitive as it used to be? Executives say this garbage because they own Washington and know they can get away with sticking their thumb in the eye of the American public and get away with it. The GOP is much too gutless to ever stand up to punks like this guy. More from ThinkProgress:
On Wednesday, ConocoPhillips CEO Jim Mulva outraged many on Capitol Hill when he released a statement calling it “un-American” to end subsidies to the Big 5 oil companies — ExxonMobil, BP, Shell, Chevron, and ConocoPhillips. A press release referencing the subsidies posted on the company’s website was headlined: “ConocoPhillips Highlights Solid Results and Raises Concerns Over Un-American Tax Proposals at Annual Meeting of Shareholders.”
This position is a stark reversal from what Mulva said just a few years ago. In 2005, he testified that he agreed with President Bush’s assessment that with “$55 oil, we do not need incentives to oil and gas companies to explore.” Mulva testified, “With respect to oil and gas exploration and production, we do not need incentives.” But with oil prices now hovering around $100 per barrel, Mulva has inexplicably changed his tune.
