From Andrew Schenkel at mother nature network:
Thursday morning in Washington began with what has become a yearly ritual. The executives from the big five oil companies got to answer questions about their government subsidies in the wake of huge quarterly profits.
Senate Finance Committee Chariman Max Baucus wanted to know exactly why the “Big Five” felt they should continue to get $4 billion in taxpayer subsidies while enjoying profits of $31 billion during the first quarter of 2011 alone.
While many reports will make note of the hearing’s circus atmosphere that included Sen. Orrin Hatch’s unveiling of a picture of a dog sitting on a pony after saying he didn’t want the hearing to be about cheap political stunts, there was some actual tension in the room that didn’t require any stunts to feel.