Contact: Jean Weinberg
(July 27, 2006)-- Today, Congressional Candidate Jim Craig called Jeb Bradley out on the contributions he took from Exxon’s PAC while Exxon reported profits of $10.36 billion in the second quarter, the second largest quarterly profit ever recorded by a publicly traded U.S. company. While Americans pay more at the pump, the five largest oil companies reported a record $110 billion in profits in 2005. Oil companies are expected to report second-quarter profits of $33.6 billion, or 32 percent more than a year earlier, according to analysts surveyed by Thomson Financial. (Associated Press 7/27/06)
“America needs a new direction that will free us from dependence on oil, end giveaways to Big Oil companies making record profits, and enact tough laws to stop price gouging,” said Jim. “As energy prices rise, George Bush and Jeb Bradley continue to favor big oil and allow them to squeeze American families, farmers, businesses, and our economy.”
Exxon Mobil alone raked in $36 billion in profits, the largest annual profit of any American company. The five largest oil companies have increased their annual profit by 158 percent since 2001. Energy analysts estimate that profits for these companies in the second quarter of 2006 will be $33.6 billion, 32 percent higher than the second quarter of 2005. (Based on annual profits from ExxonMobil, Shell, BP, ChevronTexaco, and ConocoPhillips company financial reports for 2001 and 2005; Associated Press 7/21/06)
Jim Craig, candidate for Congress in New Hampshire’s First District, is a lifelong resident of New Hampshire and his roots in the Granite State stretch for five generations. As a veteran of the US Army, he worked for his law degree with the help from the GI Bill and joined his family's law practice. For over 20 years, he has promoted the health and well-being of families by serving on non-profit community boards. He was elected to the New Hampshire State House in 1998 and now serves as Democratic Leader. While in Concord, he worked tirelessly to create bipartisan, practical solutions for the state. As leader, he created a labor caucus that addresses working families' concerns.
Contributions Jeb Bradley received from Exxon Mobil's PAC