Word: lieberman
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...Kuwait and the ensuing run-up of petroleum prices. The firms included Chevron, which last week reported earnings of $633 million for the fourth quarter of 1990, an eightfold increase over the final quarter of the previous year. After such reports, Democrats Howard Metzenbaum of Ohio and Joseph Lieberman of Connecticut introduced a Senate bill for a windfall- profits tax on Big Oil to help...
...leading oil companies reported that their earnings rose sharply in the July-September quarter. At Phillips Petroleum, profits more than doubled, to $178 million. Unocal's earnings were up 53%, to $121 million. The Justice Department and the Senate are investigating oil pricing. And some legislators, notably Senator Joseph Lieberman, a Connecticut Democrat, are calling for a new windfall- profits tax. Said he: "The escalating price of oil is the result of panic, speculation and price gouging during a time of national crisis...
Connecticut Democrat Joseph Lieberman, backed by 19 of his Senate colleagues, urged the President to establish an oil-price task force to monitor the industry. "American consumers are being ripped off on a massive scale," said Lieberman, adding, "The Soviet Union and China have done more to help America in the last five days than our own oil industry." Senate minority leader Robert Dole hinted that Congress might have to rein in prices if the oil industry refused to do so. "Oil companies never learn," he said. "They're just asking for some kind of an excess-profits...
Among those signing the letter were Sens. John Kerry (D-Mass.), Joseph Lieberman (D-Conn.), and Claiborne Pell...
...certainly is a setback," said Judith s. Lieberman '63, a Tufts University research scientist who was nominated by HRAAA this year...