Geraldo Calls Oil Company CEOs Pirates

<p><img hspace="0" border="0" align="right" src="media/2006-04-24-FNCRivera.jpg" />On the April 24<sup>th</sup> edition of Fox’s syndicated Geraldo At Large, Geraldo Rivera said the bright side of high gas prices is &quot;it may cut down on global warming&quot; and then went on to call oil company CEO’s &quot;pirates,&quot; and backed a windfall tax on the companies as &quot;a no-brainer.&quot;</p><p>The following is Rivera’s entire final commentary from the show:</p><blockquote style="margin-right: 0px;" dir="ltr"><p>Geraldo Rivera: &quot;<strong>About the only good news is that it may cut down on global warming</strong> but exploding gas prices are hurting lots of people along the way.&quot;</p><p>[Man at gas station: &quot;Gas prices just make you definitely want to take the train all the time.&quot;]</p><p>[Man#2 at gas station: &quot;Cost about $50 to fill up today which is just out of, out of control.&quot;]</p><p>Rivera: &quot;It's up nearly 25 cents a gallon in just the past two weeks. Self-serve regular now averaging $2.91. And in some cities like San Diego the spinning gauge topped out at over four bucks a gallon.&quot;</p><p>[George W. Bush: &quot;When that price of gasoline goes up it hurts working people. It hurts our small businesses and it's a serious problem that we've gotta do something about.&quot;]</p><p><strong>Rivera: &quot;And every time you fill up your car remember this. According to a recent filing by the company, between last year's salary and <a href="http://www.freemarketproject.org/news/2006/news20060426.asp">bonuses,</a> accumulated stock options and a lump sum payment just retired ExxonMobil CEO Lee Raymond is getting a farewell gift valued at nearly $400 million. Last year his company earned the biggest profit of any company ever, $36 billion.&quot;</strong></p><p>[Sen. Arlen Specter: &quot;ExxonMobil is a combination of two big companies and the Federal Trade Commission has permitted mergers and I think that has the inevitable consequence of driving the price up.&quot;]</p><p><strong>Rivera: &quot;Senate Judiciary committee chairman Arlen Specter says Congress should consider taxing the windfall profits being reaped by the oil companies which I think is a no-brainer. These guys aren't entrepreneurs they are pirates.</strong> Incidentally if you're interested in finding the cheapest prices in your neighborhood check out the Web there's a millions sites and think about trading in that SUV. So that's it for us, until next time thanks very much for watching.&quot; </p></blockquote>

Geoffrey Dickens
Geoffrey Dickens
Geoffrey Dickens is the Deputy Research Director at the Media Research Center.