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conditions such as the war in Iraq are allowing them to make more money without working any harder. Before the U.S. went to war with Iraq in 2003, oil was $24 a barrel, while in 2007, prices have soared to $66 a barrel. (Currently, the major oil companies seem to be more concerned with their profit margins and their stockholders portfolios than Virginia and U.S. consumers.) That is why I am working in the U.S. Senate to address this problem.
I co-sponsored legislation called the “Energy Security and Oil Company Accountability Act” with Senator Bob Casey (D-Pa.) to recoup some of the skyrocketing corporate profits of the big oil companies and invest those funds in alternative energy sources, and ease the burden of low income Virginians at the pump. It is our responsibility in Congress to create conditions where we do not have to operate at the mercy of international instability. If the big oil companies do not attempt to invest in alternative energy programs or greater refining capabilities, we have an obligation to the American people to begin to push this reform through Congress.
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